Allianz pencils in $300 million cost for Germanwings crash - sources


  • World
  • Tuesday, 31 Mar 2015

Lufthansa Chief Executive Carsten Spohr attends a news conference in Cologne Bonn airport, March 26, 2015. REUTERS/Wolfgang Rattay

FRANKFURT (Reuters) - Germany's Allianz has estimated insurers will pay $300 million (202.7 million pounds) in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday.

The figure gives a preliminary orientation to a group of more than 30 insurers who will share the financial burden of the crash, which was believed to have been deliberately caused by the plane's co-pilot.

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