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Nigeria: Prestige pays out $5 million to Dana plane crash victims' kin

August 14, 2014 - 6:00am

Anand Mittal, managing director of Nigeria's Prestige Assurance P.L.C., said 106 relatives of passengers who died in the Dana plane crash have received insurance payments amounting to $5.05 million, Punch reported.

Dana Air Flight 992 crashed in June 2012. The insurer has made "final payments" to 68 passengers' relatives, Mr. Mittal said. The aircraft was reinsured 70% abroad, while 10 domestic underwriters together shared local risks.

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