Insurers Navigate Iran Sanctions Over Plane Crash Claims

Law360, London (February 3, 2020, 4:37 PM GMT) -- Insurers responsible for paying claims to the families of victims of the recent Ukraine International Airways flight that was shot down by Iranian forces have sought licenses under U.S. authorities to do so, the airline's chief executive said.

In an update posted Friday, Yevhenii Dykhne said formalities of compensation payouts would be finalized “in the immediate future.” Lawyers, however, said the process could take some time.

The Iranian government has admitted it accidentally shot down Ukraine International Airways flight 752 on Jan. 8, killing all 176 passengers and crew on board, as the plane took off from Tehran. The plane was...

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