Insurance

June 17, 2014 - 3:25pm

The Middle East Business Aviation Association (MEBAA) expanded its aviation insurance program (MAIS) to include coverage for MROs, pilots, ground handlers, refuelers, fuel sales agents and other industry stakeholders. The association launched the aviation insurance group discount program for operators at the 2011 Dubai Airshow.

June 1, 2014 - 6:00am

As the softness of the aviation insurance market continues to drive premiums down, aviation insurance underwriters, brokers and agents are struggling to make money. In fact, when asked how much lower premiums could fall before they hit bottom, Aviation Insurance Association (AIA) president Franklin Bass told AIN, “I thought we were there last year.”

May 17, 2014 - 2:00am
MEBAA chairman Ali Al Naqbi has played a key role in dealing with regional business aviation issues.  (Photo: Peter Shaw-Smith)

The Middle East Business Aviation Association’s efforts to help regulators take the initiative on pressing business aviation issues in the region, such as oversight and the gray-charter market, have helped to create debate in the Gulf, a market that is one of the most important to aircraft manufacturers.

February 25, 2014 - 2:15pm

Product liability insurance isn’t your everyday policy. “Without experience in aviation law, regulations and coverages, generalist insurers don’t understand the risks,” explained Jaime Benthusen, product liability director for NationAir Aviation Insurance (Booth No. 5105). Benthusen was on hand at Heli-Expo 2014 to introduce the company’s product liability coverage and risk assessments for rotor-wing aftermarket parts firms.

January 30, 2014 - 2:08pm

Last year marked another year of relatively soft rates in the general aviation insurance market, according to aviation insurance broker NationAir’s annual market analysis, released yesterday. “While the market conditions have remained the same for several years, the reasons for that soft market are changing,” noted company president Jeff Bauer.

Initially, increased market competition pushed rates down, he said. “Now, however, rates are being held down by the more long-term forces of structural overcapacity and, thankfully, favorable loss history.”

December 16, 2013 - 9:50am

American International Group has agreed to sell its 100-percent stake in International Lease Finance Corporation (ILFC) to Netherlands-based aircraft leasing firm AerCap Holdings, the companies announced Monday.

December 10, 2013 - 3:17pm

The comment period for the U.S. Department of Transportation’s notice of proposed rulemaking (NPRM) on charter brokers is now closed. The NPRM stems from NTSB recommendations following the crash of a chartered Bombardier Challenger 601 on Nov. 28, 2004, in Montrose, Colo., which raised the issue of how difficult it can be for charter customers to know the identity of the charter operator when trips are arranged on their behalf.

October 24, 2013 - 10:10pm

Bill Snead, president of Wichita-based AOPA Insurance (Booth No. C10424)–a wholly-owned subsidiary of the Aircraft Owners and Pilots Association–put it most succinctly when he presented the company’s new options to members at NBAA 2013. “FBOs are our primary targets with our new commercial insurance offering. Beyond that, we are ready to insure corporate flight departments to a very high limit of liability,” he told AIN. “We know we can offer competitive rates, and that’s exciting.”

October 23, 2013 - 1:45pm

NationAir (Booth No. N5311) announced at NBAA 13 that it has created an aviation product liability division, to be lead by 15-year insurance veteran Jamie Benthusen. The company, founded in 1978, has pioneered specialized insurance programs, with clients in 30 countries worldwide.

“Our products liability division is part of our commitment to provide the full spectrum of risk management for our aftermarket aviation suppliers. It is a natural progression to extend our services through the supply chain,” said Jeffrey Bauer, president of NationAir.

October 23, 2013 - 1:45pm

NationAir (Booth No. N5311) announced at NBAA 13 that it has created an aviation product liability division, to be lead by 15-year insurance veteran Jamie Benthusen. The company, founded in 1978, has pioneered specialized insurance programs, with clients in 30 countries worldwide.

“Our products liability division is part of our commitment to provide the full spectrum of risk management for our aftermarket aviation suppliers. It is a natural progression to extend our services through the supply chain,” said Jeffrey Bauer, president of NationAir.

 
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