Malaysia Airlines jet crash insurance may be complex and lengthy
* Insurers likely to pay quickly for plane loss
* Aviation insurance market hit hard in recent days
* Allianz unit is lead reinsurer for aircraft
By Alwyn Scott
"Then the interesting issue is who do you go after as the malefactors?" he said. "Are you going to sue a rebel?"
Leaders of the pro-Russian Donetsk People's Republic rebels denied any involvement, although around the same time their military commander said his forces had downed a Ukrainian transport plane.
INSURANCE COVER
Insurers are on the hook for losses, which are usually spread across a wide number of players, depends on whether the downing is considered to have been due to a hostile act.
"We are communicating with other government agencies and evaluating what our role will be," the agency said in a statement.
"The FAA is monitoring the situation to determine whether further guidance is necessary," the agency said.
Several airlines, including Turkish Airlines, have since announced they would avoid Ukrainian airspace.