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For the past year we have been transitioning into the hard market for aviation insurance. The transition has been very tough both on aircraft operators (rate increases, less coverage options) and aviation insurance underwriters (several company closures with layoffs). Purely based on experience during the last hard market in 2002, the hard market cycle is…

It has now been more than 3 months since the 737 Max grounding by aeronautical authorities around the world. Here is a breakdown of our estimated insurance claim on Boeing’s Products Liability policy and its Grounding Liability Coverage: Average flights per aircraft per day: 5 Average passenger seating: 150 Average revenue per passenger: $180 Total…

We are now past the 1st quarter of the first aviation insurance hardmarket in more than 15 years and we have a better idea of how each segment of the marketplace is being affected: Highest increases in premium and reductions in coverage (as much as 100% – 300% ): Helicopter operations with owner pilotsCommercial helicopter…

The 737 Max saga continues. The media has been merciless with the manufacturer, articles such as this one are clearly biased against Boeing: https://www.bbc.com/news/business-47812225 Are they wrong about Boeing’s role in the 2 tragedies? Not entirerly. However perspective needs to be included if you are making a fair report. Why has the 737 stubbornly remained…