Germanwings Insurers Set Aside $300 Million for Plane Crash

April 1, 2015 8:30 AM

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Germanwings Insurers Set Aside $300 Million for Plane Crash

(Bloomberg) -- Germanwings insurers have set aside $300 million to pay expenses from last week’s plane crash.

The preliminary reserves are to cover claims from victims’ families, and costs for the lost jet and supporting the investigation, Allianz SE, the lead insurer for the carrier, said in an e-mailed statement Wednesday.

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