Air India plane crash: Claims could reach $475 million, says GIC Re

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2025-06-17 02:42:05 -

GIC Re estimates total claims from the Air India crash in Ahmedabad could reach $475 million, with liability payouts significantly exceeding the aircraft's value. Ramaswamy Narayanan, chairman of GIC Re, projects hull claims at $125 million and liability claims around $350 million.

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