Insurers to Refund Airlines’ Premium over Flight Cancellations Ebere Nwoji With the cancellation of local and international flight operations to check the spread of the COVID-19 pandemic, aviation insurers are beginning to count their losses. This is because aviation
insurers would have to cough up part of the premium paid to them by airlines operators at the end of the pandemic in accordance with aviation insurance contract regulations. This they would do under the Premium Adjustment Agreement with their airline
clients in order to return premium to them. THISDAY gathered that this is applicable to premium collected under aircraft hull insurance whose premium is paid upfront usually on annual basis. On the part of the air
passengers, investigation revealed that the passengers may be at the losing end as aviation insurance experts said such claims might not be paid to them since the flight cancellations were a state order and not the fault of the airlines.
However, some insurance underwriters, especially those who underwrite air passenger personal accident insurance, said customers have been making requests for claims for flight cancellations. Aviation insurance expert and Managing Director of
Alpha Choice Insurance Brokers, Mr. Sunny Adela, told THISDAY that the pandemic has affected aviation insurance business and passengers due to flight cancellations. He said the COVID-19, Continued on page 8
Oil Price Drops to $26 on Concerns over US Storage... Page 5 Tuesday 21 April, 2020 Vol 25. No 9143. Price: N250
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FG Apologises for Protocol Lapses at Abba Kyari’s Burial Says end of COVID-19 still far Develops draft for new action plan against scourge Cases now 665 with 188 discharged, 22 dead Edo, Ondo discharge index cases Lagos makes face mask compulsory in public places Eightprivate hospitals suspend operations WHO: No vaccine approved yet for Nigeria, others Goddy Egene, Segun James, Martins Ifijeh, Funmi Ogundare in Lagos, Olawale Ajimotokan, Onyebuchi Ezigbo in Abuja and Adibe Emenyonu in Benin The federal government yesterday apologised for the lapses and the violation of COVID-19 safety principles and protocols that occurred
during Saturday's burial of the Chief of Staff to the President, Malam Abba Kyari, in Abuja. It also cautioned Nigerians against undue optimism over when the COVID-19 pandemic would end, assuring them, however, that it was striving to overcome the virus, which cases rose to 665 yesterday with Continued on page 8
Buhari Thanks Nigerians for Condolence Messages Omololu Ogunmade in Abuja President Muhammadu Buhari yesterday thanked many callers who condoled with him, the Kyari family and the nation, following the death of his Chief of Staff, Malam Abba
Kyari. Senior Special Assistant to the President on Media and Publicity, Malam Garba Shehu, said the president expressed appreciation for their letters of Continued on page 8
STRATEGISING AGAINST COVID-19... L-R: Chief Executive Officer, Aliko Dangote Foundation, Ms. Zoura Youssoufou; Group Managing Director, Access Bank Plc, Mr. Hubert Wigwe; and Chief Executive Officer, MTN Nigeria, Mr. Fierdi Moolman, during the briefing on the activities of the private sector-led Coalition Against COVID-19 (CACOVID-19) in Lagos...yesterday
Boko Haram Leader, Shekau, Ready to Surrender, Says Military... Page 6