Insurance policies enabling jets to fly after atomic blasts in conflict zones
Insurance industry developing plans to allow jets to continue flying even after a nuclear blast in regions removed from conflict zones. Special policies aim to combat escalating conflicts in Ukraine and Kashmir.
Key Points
- Insurance industry developing plans for jets to continue flying after nuclear blasts
- Policies address possibility of conflicts escalating in Ukraine and Kashmir
- New plans provide $1bn per plane of war cover for passengers and third parties
- Around 100 airlines have signed up to the plan so far
Pros
- Allows airlines to keep operating in regions removed from conflict zones after a nuclear detonation
- Provides $1bn per plane of war cover for passengers and third parties
Cons
- Current policies force grounding of all civil aircraft worldwide after a nuclear detonation
- Certain insurance stipulations like the 'five powers war clause' could still potentially ground airlines