APA Insurance Chairman John Simba said the payment follows a loss adjustment exercise that is expected to quantify the actual loss suffered by the airport/CFM
APA Insurance Chairman John Simba said the payment follows a loss adjustment exercise that is expected to quantify the actual loss suffered by the airport.
Simba said the company is keen to repay the full claim once the final compensation figures are finalised and necessary papers are submitted.
“APA Insurance expeditiously settled the claim resulting from this unfortunate incident. This is a very complex claim which explains the extended time taken to evaluate the loss, once we have full settlement figures, we’ll fast track full compensation,” Simba said.
He says that this is one of the biggest claims the insurer has paid.
The insurance company recently settled a related claim worth over Sh19 million to Micro-City Computers who were contracted to install CCTV surveillance at JKIA just before the fire loss.
Acknowledging the receipt, KAA acting Managing Director Lucy Mbugua says the authority is satisfied with the compensation plan derived by the parties involved and is expecting to receive about Sh2.4 billion in final claim once the final compensation details have been completed.
Mbugua says that the compensation given on Monday will help in reconstruction of the destroyed international arrivals terminal which will begin immediately.
“This money we get today will help us with the construction of the new arrival, our engineers had condemned the building and we were only waiting for the insurer to confirm so that we can write it off and we can confidently say that the building will come down,” she said.
She says the building will be brought down immediately and Unit One, Two and Three will be redesigned and as well as reconstruction of a new arrival.
“We already have the plans and designs for reconstruction of the Unit One, Two and three and the new arrival but construction will not start until new terminal four is operational and we are expecting by January it must be operational,” she said.
An investigation report released last month shows that the August 7 fire incident was caused by an electric fault.
