While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a “rational” rating approach, asking for price increases of up to 25 percent, mainly targeted towards loss-affected contracts and programs, according …
Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers’ profitability, reinsurance broker Willis Re said. The crash of Ethiopian Airlines …
As the Lion Air crew fought to control their diving Boeing Co. 737 MAX 8, they got help from an unexpected source: an off-duty pilot who happened to be riding in the cockpit. That extra pilot, who was seated in …
The crash of an Ethiopian Airlines plane that killed 157 people had “clear similarities” with October’s Lion Air crash, Ethiopia said on Sunday, shown by initial analysis of the black boxes recovered from the wreckage of the March 10 disaster. …
Lawyers are already targeting Boeing Co. for Sunday’s Ethiopian Airlines disaster even while investigators are still trying to figure out what caused two 737 Max 8 jetliners to go down in a span of five months, killing 346 people. Boeing …
The first concrete evidence of a possible link between two deadly Boeing 737 MAX crashes came from space. A new satellite network capable of tracking planes in high fidelity across the globe captured the flight path of the Boeing Co. …
Norwegian Air said on Wednesday it will seek compensation from plane maker Boeing for costs and lost revenue after grounding its fleet of 737 MAX 8 aircraft in the wake of the Ethiopian Airlines crash. “We expect Boeing to take …
U.S. aviation regulators reiterated that they see no safety issue with the beleaguered Boeing Co. 737 Max jetliner that warrants grounding the plane despite a pair of deadly crashes and the move by more than 40 other nations to temporarily …
Aviation regulators around the globe are grounding Boeing‘s 737 MAX aircraft following Sunday’s deadly plane crash in Ethiopia. Regulators in the United States, where Boeing is based, remained an exception. Boeing reiterated that the investigation into the crash remains in …
U.S. aviation regulators signaled their confidence in the safety of Boeing Co.’s embattled 737 MAX jetliner, issuing a global notice of “continued airworthiness” a day after the model’s second deadly crash in less than five months. There isn’t conclusive evidence …
