Latest Aviation Headlines
All the headlines from our Aviation Topic Page, ordered by recency.
CNA TO SELL OFF AVIATION
Aug 7 2000 // CNA announced July 31 that it entered into an agreement to sell Associated Aviation Underwriters Inc. (AAU) to the British Aviation Insurance Group (BAIG). AAU is jointly owned by CNA and The Chubb Corp. The agreement will...
Tragic Concorde Crash Could Wrack Up Losses for European Insurers
Aug 7 2000 // Insurers could pay out more than $320 million as a result of the July 25 Air France Concorde crash that killed 113 people, according to the Guardian, a U.K. newspaper. The supersonic jet went down just after taking off...
S&P Lowers Polygon Insurance to BBB-; On Watch Development
Aug 3 2000 // Standard & Poor’s today lowered its counterparty credit and insurer financial strength ratings on the U.K. specialist aviation insurance company Polygon Insurance Co. Ltd. (to triple-‘B’-minus from...
Air France Concorde Flights Still Grounded
Aug 2 2000 // Flights on Air France’s five Concorde jets will remain suspended, pending decisions on how to improve the safety of the plane following the July 25 Air France Concorde crash. The supersonic jet went down just after...
CNA, Chubb to Sell Associated Aviation Underwriters
Jul 31 2000 // CNA announced today that it has entered into an agreement to sell Associated Aviation Underwriters Inc. (AAU) to the British Aviation Insurance Group (BAIG). AAU is jointly owned by CNA and The Chubb Corp. The agreement...
Lloyd’s of London Sells Aviation Unit to Charles Taylor
Jul 19 2000 // Charles Taylor Group has acquired the business of Lloyd’s Aviation, the second largest of its kind in the London market with 30 percent of business volumes for $3.89 million. The deal is a further step in the...
Aviation Prices Go Up, Up and Away
Jun 26 2000 // The motives for buying an aircraft are as varied as the uses to which the aircraft can be applied—as are, of course, the risks associated those uses. Some underwriting companies also insure an array of aviation-related...
Arizona Trial Begins for 15-Year Old Contaminated Groundwater Lawsuit
Jun 20 2000 // After a long, litigious battle over an insurance dispute, the trial against Associated Aviation Underwriters (AAU) refusing to make good on a settlement between more than 1,600 Tucson residents injured by their...
New GEICO Ads Go Round and Round
May 25 2000 // GEICO Insurance Co. has teamed with Manhattan-based CarroSELL, unveiling a new advertising campaign on airport baggage carrousels in New York, Dallas/Fort Worth and Honolulu. CarroSELL pioneered the medium last year and...
Flight Delay Insurance Offered
Feb 21 2000 // A useful new coverage designed to reimburse passengers for flight delays was inaugurated by French travel company Go Voyages. On out-going flights travelers will be reimbursed 20 percent of the cost of the ticket if a...
Alaska Airlines Jet Crashes Into Pacific Ocean Updated
Feb 1 2000 // An Alaska Airlines MD-83 jetliner that originated in Puerto Vallarta, Mexico, and was headed for San Francisco and Seattle, crashed in the Pacific Ocean at 4:36 p.m. PST Monday. On Tuesday morning, search crews said hope...
