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Malaysia Airlines MH 17 tragedy might prompt insurers to increase prices: Experts

July 21, 2014 - 6:00am

Experts have said that the tragedy involving Malaysia Airlines flight MH 17 might prompt insurers to raise their prices in the war-risk category, Business Standard reported.

Alliance Insurance Brokers Pvt. Ltd. associate director Anoop Verma said if the missile attack is proved, hull war and allied perils insurance, legal liabilities to passengers and third parties, and loss of license policies of air crew would be invoked.

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