THE COUNCIL of the International Civil Aviation Organisation has agreed to set up a non-profit service, offering airports, ground handlers and airlines third-party war risk liability insurance cover from US$50 million per insured, should the commercial market continue to withdraw such protection.

This insurance group would meet claims through collected premiums and associated investment income, with participating governments being the guarantors of last resort. The aim would be to collect US$850 million in premiums in the company's ...

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