(Bloomberg) — Germanwings insurers have set aside $300 million to pay expenses from last week's plane crash.
The preliminary reserves are to cover claims from victims' families, and costs for the lost jet and supporting the investigation, Allianz SE, the lead insurer for the carrier, said in an e-mailed statement Wednesday.
Deutsche Lufthansa AG, which owns Germanwings, said Tuesday that the co-pilot, whom prosecutors believe intentionally crashed Flight 9525 into the French Alps, had informed the airline six years ago that he battled depression.
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