Latest Aviation Headlines
All the headlines from our Aviation Topic Page, ordered by recency.
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...
EU, China Plan to End Airline Insurance Next Month
Sep 24 2002 // The European Union plans to to end the emergency coverage it has granted to the community’s airline’s for terrorist liability by the end of October, while China’s government announced that it would extend...
Life and Death Decisions, A Tale of Two Towers
Sep 2 2002 // As the classic television crime show used to remind us, “There are 8 million stories in the Naked City.” There were more on Sept. 11, 2001. Here are just a few, one from each of the three World Trade Center...
Life and Death Decisions, A Tale of Two Towers
Sep 2 2002 // As the classic television crime show used to remind us, “There are 8 million stories in the Naked City.” There were more on Sept. 11, 2001. Here are just a few, one from each of the three World Trade Center...
GE Frankona Re Establishes New London Aviation Unit
Jul 29 2002 // GE Frankona Re announced it has formed a new London-based Aviation Unit, in a move aimed at enhancing service to the aviation market. The new unit will focus on providing re/insurance (hull and liability) to smaller...
Global Aerospace to Offer Insurance for Eclipse 500 Jet Owners
Jul 26 2002 // Eclipse Aviation Corporation, manufacturer of the Eclipse 500 jet, will partner with Global Aerospace, the world’s largest aerospace insurance underwriter, to provide aircraft hull and liability insurance to owners...
EU Airlines Back Government Supported Terrorist Coverage Plan
Jun 14 2002 // As a crucial meeting of the European Union’s Transport Ministers approaches, the EU’s airlines have increasingly lined-up behind a plan which would establish a mutual insurance fund, backed by EU governments,...
EU Extends Airline Aid Deadline to June 30
May 28 2002 // The European Commission (EC), the European Union’s highest regulatory authority, has extended the scheduled end of aid programs by individual governments to Europe’s airlines until the end of June. Following...
