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Average cost of manufacturer's liability insurance for each airplane manufactured in the U.S. had risen from approximately $50 per plane in 1962 to $100,000 per plane in 1988, according to a report cited by the Bureau of Labor Statistics, [14] a 2,000-fold increase in 24 years.
The first-ever aviation insurance policy was written by Lloyd's of London in 1911. The company stopped writing aviation policies in 1912 after bad weather at an air meet caused crashes, and ultimately losses, on those first policies. [1] The first aviation policies were underwritten by the marine insurance underwriting community. [2]
The Aircraft Bluebook Price Digest is a quarterly print publication by Informa (also available on CD-ROM) that was established in the 1950s. It identifies and prices more than 3,000 used general aviation aircraft and helicopter make and model-years available in the United States. Prices reflect historical data and cannot, therefore, take into ...
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 ...
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
That's because insurance costs are impacted by the costs to replace damaged cars and parts, many of which are imported. ... The APCIA estimates that the impact of tariffs on personal auto ...
Bankrate’s 2023 True Cost of Auto Insurance report found that the average percent of income U.S. drivers spend on car insurance increased from 2.57 percent in 2022 to 2.93 percent in 2023.
Flyaway cost is one measure of the cost of an aircraft. It values the aircraft at its marginal cost, including only the cost of production and production tools essential for building a single unit. [1] It excludes sunk costs such as research and development, supplementary costs such as support equipment, and future costs such as spares and ...
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