aviation coverage News

Drone Segment Will be Biggest Growth in Aviation Insurance in 50 Years, Experts Say

Now’s the time to get in on the ground floor of the business of insuring drones. That’s according to panel of experts speaking recently in a drone insurance webinar hosted by Insurance Journal. The consensus from the panelists was that …

XL Catlin Launches Kidnap, Ransom & Extortion Endorsement for Aviation Program

XL Catlin has added a kidnap, ransom & extortion (KRE) crisis endorsement to its general aviation insurance coverage for pilots, aircraft carriers and other aviation companies address global travel safety concerns. With limits of liability up to $1 million, XL …

Endurance Partners with W. Brown Associates for U.S. Aviation Risks

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has entered into an exclusive joint underwriting agreement with W. Brown Associates to provide general liability and property coverages for a wide range of general …

Allianz Is Lead Reinsurer of $97.3 Million in Ukraine Plane Crash

Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over eastern Ukraine. The aircraft’s value is about $97.3 million, London-based insurance broker Aon Plc, which tracks the market for aviation …