Explain the commercial insurance principle

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Reference no: EM133143711

https://www.reuters.com/article/us-ethiopia-airplane-insurance/insurers-face-large-claims-after-second-boeing-737-max-crash-idUSKBN1QS1D8

Can anyone help me answer the following questions based on the article in the link above:

1. Based on the article, identify and explain the commercial insurance principle which bestows on Ethiopian Airline the responsibility of paying the initial insurance payout to families of the victims of the air crash?

2. Based on the article, identify and explain the principle which allows Ethiopians Air line insurer the legal right to recoup the money they paid to families of the air crash victims from Boeing insurer?

Reference no: EM133143711

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