boeing

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…

The Boeing 737 Max grounding by President Trump yesterday could have a profound effect on the aviation insurance marketplace. The grounding arrives at a time when aviation insurance is transitioning into a hard market, making its timing fairly significant. Grounding Liability is a coverage that manufacturers like Boeing carry in their Products Liability policies. It…