Latest Aviation Headlines
All the headlines from our Aviation Topic Page, ordered by recency.
Oklahoma Agency Placed Into Supervision
Jun 16 2003 // Oklahoma Insurance Commissioner Carroll Fisher placed a Bethany insurance agency into supervision after learning that its owner may have stolen more than $100,000 from her customers in the form of refunds she hid from...
Kansas City Life Insurance Company First Quarter, 2003 Earnings Release
May 9 2003 // Kansas City Life Insurance Company posted a $0.62 per share net loss in the first quarter 2003, compared with a $0.54 per share net income last year. The net loss of $7.5 million for the quarter is primarily due to...
AIG Aviation Offering New Coverage for The Civil Air Patrol
May 6 2003 // AIG Aviation, Inc., a member company of American International Group, Inc. (AIG), is now endorsing Civil Air Patrol (CAP) liability coverage onto the non-owned aircraft damage liability insurance form. “The Civil Air...
War in Iraq: The Known and Unknown Consequences for the Industry
Apr 7 2003 // As President Bush and his advisors made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge –...
War in Iraq: The Known and Unknown Consequences
Apr 7 2003 // As President Bush and his advisers made good on their defiant promise to act alone if necessary to get rid of Iraq’s tyrannical régime, the world heard echoes of Mark Antony’s cry of rage and revenge,...
Allianz: No Plans to Cancel Airline Coverage, EU Prepares Back-up Help
Mar 26 2003 // Germany’s Allianz AG, one of the largest providers of coverage to the European Community’s air carriers, has issued a statement indicating that, while it has no plans to cancel coverage on flights headed for...
No Cancellations on Gulf Related Coverage – Yet, But Insurers Warn of Surcharges
Mar 21 2003 // Despite the onset of the long anticipated war with Iraq, there have as yet been no outright cancellations of coverage relating to the Persian Gulf Region. Many insurance companies, however, have warned that they will...
Industry Faces Reality of War in Iraq
Mar 20 2003 // As war began last night with U.S. air attacks on selected targets in Baghdad, that apparently just missed Saddam Hussein, the insurance industry nervously prepared for the global fallout. Commercial insurers warned their...
Allianz Comments on S&P’s “A+” Ratings for its Marine and Aviation Unit
Mar 10 2003 // Standard & Poor’s recently announced that Allianz Marine & Aviation, the transport and aviation insurer of the Allianz Group, has been rated “A+” with a stable outlook, drawing this comment from...
European Commission Approves GAUM Sale to Berkshire, Converium, Munich Re
Mar 3 2003 // The European Commission, the European Union’s regulatory authority, has approved the sale of a number of stakes in Global Aerospace Underwriting Managers Limited (GAUM), a consortium that insures airlines and...
N. C. Plane Crash Likely to Cost Tens of Millions
Jan 13 2003 // Experts say the crash of a US Airways commuter flight in North Carolina will likely cost the insurance industry tens of millions of dollars, according to the Charlotte Observer, but it will probably not affect...
China to Allow Non-Life Companies to Sell Flight Insurance
Dec 23 2002 // China’s non-life insurers will be able to compete with the country’s life insurance industry to provide flight passenger insurance polices beginning January 1, 2003. A bulletin from the country’s official...
Changes at Global Aerospace – Aviva Exits, R&SA Decreases and Converium Ups Stake
Nov 29 2002 // Global Aerospace Underwriting Managers (GAUM), the world’s largest managing agent in the aviation market, is undergoing major changes. Aviva and Royal & Sun Alliance both announced that they will drastically...
China Extends Airline Terrorism Coverage
Nov 26 2002 // The Chinese government announced on Monday that it was extending insurance coverage of war and terrorist risks for the country’s airlines for an additional month, until December 24, 2002. The coverage was first made...
Airlines Look to Provide Their Own War and Terrorist Coverage
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Airlines Look to Provide Their Own War and Terrorist Coverage
Nov 11 2002 // More than a year after Sept. 11, the U.S., the European Union (EU) and many other countries are still working on ways to provide adequate insurance coverage for their air carriers. While several plans have been suggested,...
Report German Gov’t. Seeks Two Month Extension for Airline Terrorist Coverage
Oct 29 2002 // Germany’s newly reelected government has reportedly asked the European Commission (EC) for permission to extend emergency terrorist risk coverage to the country’s airlines until the end of the year. The EC...
Chubb, Hartford, Agree to $22M Settlement with Reno/Tahoe Int. Airport
Sep 26 2002 // Settling a four-year legal battle, The Chubb Group of Insurance Companies and The Hartford Insurance Company have agreed to pay Reno/Tahoe International Airport a total of $22 million for a flood insurance claim related to...
European Airlines, Airports Warn of Risks If Govt. Coverage Is Ended
Sep 26 2002 // European Airlines and airports were quick to protest the decision by the European Commission to end its permission for EU governments to provide supplemental insurance coverage by the end of October (See IJ Website...
XL Capital Renames Aerospace Operations
Sep 25 2002 // Bermuda’s XL Capital Ltd. announced that its space and aviation operations, previously part of Brockbank Insurance Services, Inc., will now “be operating under the trade name of XL Aerospace, a division of XL...
