Lufthansa's insurers are setting aside $300 million for costs related to Germanwings crash

Lufthansa spokeswoman Kerstin Lau announced Tuesday that the company's insurers have set aside $300 million to deal with "all costs arising in connection with the case" of last week's Germanwings crash. The jet crashed into the French Alps, and all 150 people aboard the plane were killed.

Last week, Lufthansa, Germanwings' parent company, offered 50,000 euros (about $54,250) to relatives of the victims of the crash. The announcement comes after aviation lawyers told Bloomberg that the victims' families may be able to seek unlimited liabilities.

Investigators believe that the plane's co-pilot, Andreas Lubitz, intentionally crashed the plane and locked his captain out of the cockpit.

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