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Aviation insurance provides coverage for hull losses as well as liability for passenger injuries, environmental and third-party damage caused by aircraft accidents. Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different ...
Insurance underwriters, worldwide, began to refuse to sell product liability insurance to U.S. general aviation manufacturers. By 1987, the three largest GA manufacturers claimed their annual costs for product liability ranged from $70,000 to $100,000 per airplane built and shipped that year. [7] [19]
The EU in "Communication on the scope of the liability of air carriers and airports in the event of destroyed, damaged or lost mobility equipment of passengers with reduced mobility when traveling by air" [13] notes this disadvantage in relation to EC 1107/2006 "rights of disabled persons and persons with reduced mobility when traveling by air".
Navigating Claims Inflation in Aviation Insurance . More recently, at the International Union of Aerospace Insurers (IUAI) 2024 Members’ Conference in Montreal, McLarens Aviation provided an update on the McLarens Annual Index, which tracks the year-on-year relative cost change associated with various types of claims.
Some of the world's largest aircraft lessors faced off against their insurers in a Dublin courtroom on Tuesday at the start of a months-long battle over around 2.5 billion euros ($2.7 billion) of ...
AerCap Holdings N.V. (NYSE: AER) submitted a $3.5 billion insurance claim for more than 100 jets stuck in Russia following its invasion of Ukraine and intends to pursue all claims under these ...
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