Latest Aviation Headlines
All the headlines from our Aviation Topic Page, ordered by recency.
Some Asian Airlines Still Seeking Help for War
Oct 8 2001 // While most Asian National Flag carriers have been able to obtain government assistance to meet new insurance demands for war and terrorist risk cover, smaller airlines are still seeking solutions, heightened by increased...
AIG Member Companies Complete Placement of Aviation War Risk and Hijacking Liability Coverage Octob
Oct 8 2001 // American International Group Inc. (AIG) has announced that its member companies have completed the placement, on behalf of the co-insurance market, of aviation war risk and hijacking liability coverage that makes available...
AIG Completes Package for Airlines
Oct 5 2001 // American International Group Inc. has finalized a package to provide $1 billion of coverage per airline for war risk and hijacking liability. Airlines and insurers have been stunned by the Sept. 11 attacks on the United...
AMR Corp. Notes Insurers Canceling Coverage
Sep 27 2001 // AMR Corp., the parent of American Airlines, said on Tuesday that insurers are canceling its coverage for claims caused by acts of war, terrorism, sabotage, hijacking and other similar events effective Sept. 26. According...
AIG To Offer War, Hijack Coverage to Airlines
Sep 26 2001 // American International Group announced its intention to offer coverage to airlines for war and hijacking (terrorist) risks through its member companies with total limits up to $1 billion. The decision comes in response to...
Sept. 11, 2001: Terrorist Attacks Strike America
Sep 24 2001 // Terrorists crashed two hijacked planes into the World Trade Center this morning, causing countless deaths and untold damage as the twin 110-story towers collapsed. The crashes occurred minutes apart just before 9 a.m., and...
True Loss from Sept. 11 Terrorist Attacks on U.S. is Immeasurable, As Estimates of Potential Insured
Sep 24 2001 // “The World Trade Center is a living symbol of man’s dedication to world peace, his belief in cooperation of men and, through cooperation, his ability to find greatness.” —Minoru Yamasaki (1912-1987),...
U.S.- EU To Help Airlines Cover War, Terrorist Risks
Sep 24 2001 // The governments of the U.S., the U.K. and the European Union rode to the rescue of the airline industry over the weekend when they announced separate decisions to help carriers cope with increases in premiums covering war...
London Market To Cancel Airlines’ War, Terrorist Risk Cover – Big Increases Anticipated
Sep 20 2001 // According to a report from Reuters News Agency, insurers in the London market, including Lloyd’s, have given the airlines they insure notice that coverage for war risks and terrorist attacks will no longer be...
Midway Airlines Ceases Operations Following Terrorist Attacks
Sep 17 2001 // Midway Airlines announced that effective immediately it has suspended all future flight operations. This action is being taken at this time in order to preserve the value available for Midway’s interest holders and...
Terrorist Attack Paralyzes Economy; Insurers Face Largest Catastrophe Ever
Sep 17 2001 // The coordinated terrorist attacks in New York’s lower Manhattan and Washington, D.C., last week targeted indisputable symbols of American prestige and military power: the World Trade Center and the Pentagon. The...
Officials Begin to Assess the Damage as Smoke Clears, Casualties Mount
Sep 13 2001 // Now that the initial damage has been done, city officials have begun the grim task of removing bodies from both towers of the World Trade Center and the Pentagon. While there have been a few stories of survivors being...
International Insurance Stocks Plunge for
Sep 13 2001 // The day after the Sept. 11 terrorist attacks on the U.S, insurance stocks fell significantly in international trading. The DJ Stoxx insurance index reportedly fell to a three-year low at 8:27 a.m. EDT, following a 13...
Terrorist Acts Strike New York and Washington
Sep 11 2001 // Terrorists crashed two hijacked planes into the World Trade Center this morning, causing countless deaths and untold damage as the twin 110-story towers collapsed. The crashes occurred minutes apart just before 9 a.m., and...
SilkAir Insurers Sue Over 1997 Crash
Jul 9 2001 // Singapore Aviation and General Insurance Company has filed two lawsuits, one in New York, and the other in Los Angeles, seeking some $55 million in damages from Boeing and several aircraft component manufacturers related...
On-line Aviation Insurance Directory Available
Jun 1 2001 // PlaneShark ™, an on-line air transportation publication, based in Palo Alto CA, announced that it has put together “a comprehensive listing of aviation focused insurance agents, brokers, and underwriters on its...
Aviation Insurance Holdings to Buy Aviation Agency
Mar 22 2001 // Las Vegas-based Aviation Insurance Holdings has signed a letter of intent to purchase the Aviation Agency of Crystal Lake, Ill. Larry Galizi, founder and CEO of the Aviation Agency, will be retained as president and CEO on...
Concorde May Fly Again, Despite Lawsuits by Grieving Passenger Families
Feb 5 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Concorde May Fly Again, Despite Multiplying Lawsuits
Jan 29 2001 // Last summer’s tragic Concorde crash continues to produce heartache as the lawsuits multiply and negotiations break down. Settlement talks between the lawyers for the victims’ families and Air France and its...
Allianz/AGF Strengthen Position in Aviation Insurance Market
Jan 24 2001 // AGF, the French subsidiary of Germany’s Allianz, announced that its AGF MAT unit had purchased the remaining 51 percent of Westminster Aviation Insurance Group from France’s Groupama-Gan, giving it 100 percent...
