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Member, Beacon International Group, Ltd.
Russia's ZAO AK Bars Insurance said it has paid $9.5 million in insurance compensation for a Boeing 737-500 that crashed in the city of Kazan in Tatarstan, Russia, on Nov. 17 2013, Forinsurer reported.
The insurer said it made the payment to the beneficiary under the insurance contract. The crash left all 44 passengers and six crew members dead. Russia's SOGAZ Insurance Group has already paid 84.4 million Russian rubles ($2.5 million) to the victims' families.