As predicted, the hard market has arrived and aviation insurance is no exception. Changes observed thus far in our new year renewals are as follows: – Fewer options […]
Blog True Course
Pilot Shortage is Here
The pilot shortage is here, and it’s the result of baby-boomers’ retirement and the much lower number of military trained pilots over the past few decades. We believe […]
FAA Reauthorization Act Provides Much Needed Liability Protection for Volunteers
The FAA Reauthorization Act of 2018 signed on October 5, provides much needed relief for volunteer pilots. Under the new Act, Section 584 provides liability protection by limiting […]
New Tax Implications for Aircraft Owners
With the new tax reform there are significant implications for aircraft owners. Here are some of the highlights: – A significant change involves Section 1031 exchanges, they are […]
Pilot Warranty
Perhaps the most important part of your #aircraftinsurance policy is the Pilot Warranty. Make sure all pilots are well aware of the training requirements therein. Depending on the circumstances claims could […]
Approaching 70 as a Private Aircraft Pilot – Aircraft Insurance
Generally 70 is the age at which it becomes problematic for insurers to approve pilots. The industry understanding is that pilots who were covered before they turned 70 […]
Electric Aviation: Closer Than You Think (we hope!)
Air travel may be one of humanity’s greatest achievements … and one of its messiest endeavors. Every time an airliner makes a round trip flight from New York […]
On the subject of pilot age…
Generally 70 is the age at which it becomes problematic for insurers to approve new pilots. The industry understanding is that pilots who were covered before they turned […]
Aviation Safety and Complex New Technology
Based on the second 737 Max accident we are in the midst of reaction surrounding the tragedy, with a lot of airlines grounding the jet until a confident […]
Boeing 737 Max Grounding & the Aircraft Insurance Hard Market
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 […]
The Unmanned Air Taxi Phenomenon – An Aircraft Insurance Perspective
A lot of companies are investing and developing unmanned aircraft for use as people carrying Air-Taxis. From an outsider’s perspective the aircraft appear to be large scale drone […]
Boeing against the Media, the currents of FAA regulations, and government subsidized competitors.
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 […]
Time to retire the 737 – an Aircraft Insurance Perspective
No need to go into the specifics, for any interested party on the 737-Max saga we know that it is the result of overextending a 50 year design […]
As the Max Grounding Comes to a Halt, what next? An Aircraft Insurance perspective.
Boeing appears to be close to bringing the Max back into service. The software changes have been tested. Here are 2 significant impacts of the Max saga in […]
2019 Aviation Insurance Hard Market Segments
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 […]
Most Light Aircraft in the United States are Underinsured and their Owners are Exposed
US aviation insurers continue to offer a maximum per-seat limit for reciprocating engined aircraft of $100,000. As the market has hardened this year there are fewer higher limit […]
Boeing 737 Max Grounding Insurance Claim – 3 Months
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 […]
Aerospace Insurance Hard Market – The Underwriter Perspective.
As we discuss the aviation insurance marketplace with our clients we focus on the consequences for them: higher rates, reduced coverages, fewer options, and stricter training requirements. But […]
Aircraft Maintenance Companies – Securing Insurance in the Hard Market
Insurance rates for aircraft maintenance companies are based on 4 main factors: What type of maintenance is done: If the company is overhauling engines, then the insurance is […]
Checking in on the Aviation Insurance Hard Market
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 […]
Client Recounts his Experience with True-Course in the hard market.
This was posted today on a public forum: “I learned a tough lesson this year in regards to our commercial insurance. THE BROKER MAKES ALL THE DIFFERENCE!! The […]
Aircraft Dry Leases and the Aircraft Insurance Hard Market
An aircraft dry lease is a contract whereby 2 parties agree that one can lease an aircraft from the other. The dry lease CANNOT result in any profit […]
Aviation Insurance Hard Market and the Pandemic
There has been a lot of insinuations that the pandemic is changing the aviation insurance marketplace significantly. Our experience suggests this is not yet the case as respects […]
The Pandemic, General Aviation, and our Future
The pandemic has been cruel to weak businesses and weak immune systems. Businesses that were struggling and people who were struggling with underlying conditions have been the highest […]
Boeing loss confirmed at $2bn – Aviation Hard Market Likely Extended
The Aviation Insurance Hard Market factors continue to pile up: 1. 2018-Present Loss Ratios have cut deeply into reinsurance revenue from several disasters and tragedies worldwide. 2. Aviation […]