Notes to the Consolidated
In millions of U.S. dollars, unless otherwise stated
41. INSURANCE (UNAUDITED)
At December 31, 2010, the insurance coverage for property, plant and equipment and inventories was US$5,303.7 million, amounts considered to be sufficient to cover the risks involved. This amount does not include the insurance of vehicles, which are covered at market value.
In addition to the above coverage, the Company maintains civil liability policies for products, general civil liability, aeronautical risks and directors' liability (D&O) at amounts that Management judge as adequate.