Insurance

January 25, 2008 - 5:49am

The fatal crash of the Alberto-Culver Gulfstream IV at Palwaukee Municipal Airport on Oct. 30, 1996, has spawned one of the most lengthy, and very likely one of the most costly, litigation processes in the history of business aviation.

January 25, 2008 - 5:49am

The fatal crash of the Alberto-Culver Gulfstream IV at Palwaukee Municipal Airport on Oct. 30, 1996, has spawned one of the most lengthy, and very likely one of the most costly, litigation processes in the history of business aviation.

January 21, 2008 - 11:02am

All aircraft using European airspace are facing the prospect of having to carry minimum levels of third-party liability insurance. Under European Commission (EC) proposals now being debated by the European Parliament, operators of aircraft of up to 25 metric tons mtow (55,115 pounds) would be required to have minimum cover

January 21, 2008 - 11:02am

All aircraft using European airspace are facing the prospect of having to carry minimum levels of third-party liability insurance. Under European Commission (EC) proposals now being debated by the European Parliament, operators of aircraft of up to 25 metric tons mtow (55,115 pounds) would be required to have minimum cover

January 11, 2008 - 5:54am

According to London-based insurance adjuster Airclaims, from an insurer’s point of view 2002 was a fairly “benign” year, with hull and liability losses of about $1.1 billion. It is a welcome respite from 2001 and 9/11, which drove losses to levels now estimated in excess of $6 billion.

January 11, 2008 - 5:50am

Barely into the new year, aircraft owners and operators are opening letters from their insurance companies offering additional coverage for acts of terrorism.

January 3, 2008 - 4:22am

Rep. Vernon Ehlers (R-Mich.) has announced that he and Rep. Todd Tiahrt (R-Kan.) are working on legislation to provide general aviation parts manufacturers with common-sense protections against lawsuits. “These lawsuits are driving up insurance costs and forcing some manufacturers to stop production on parts certified by the FAA,” Ehlers said. 

December 13, 2007 - 11:37am

Travelers’ Atlanta-based aviation division yesterday announced that it will be expanding its corporate flight coverage to include hull and liability insurance for Part 135 and small business accounts.

October 8, 2007 - 11:03am

Corporate aviation operators at all levels received good and bad news from insurance representatives at the 26th annual Aviation Insurance Association conference held in Kansas City, Mo., on April 29 and 30.

October 8, 2007 - 6:16am

On September 24, Signature Flight Support began requiring customers at its worldwide chain of 46 FBOs to sign an “indemnification agreement for acts of war and terrorism.” The “hold harmless” agreement was the result of a decision by insurers to cancel Signature’s extended coverage endorsement for war risk liability insurance, effective 8 p.m. that day.

 
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