“You can bet the insurance market is going to change. All the ingredients are in place and it’s only a matter of time,” Jim Gardner, v-p of Insuramerica Aviation, an affiliate of J. Smith Lanier, told AIN.
Travelers Aviation, part of The Travelers insurance company, made its debut at the 2007 AIA convention at Indian Wells, Calif. This year in Nashville, Gordon Murray, its president, told AIN that in the past year Travelers has booked premiums in the millions of dollars and continues to look for opportunities. “The marketplace out there is competitive.
Jet Fleet International (JFI), a Los Angeles-based company that arranges discounts for products and services for members, last month introduced a fuel discount program currently available at 268 FBOs in the U.S. “Our goal is to get fuel prices 75 cents to $1 lower than the posted airfield price,” said JFI president Finn Moller.
Corporate aviation operators at all levels received good and bad news from insurance representatives at the 26th annual Aviation Insurance Association conference held in Kansas City, Mo., on April 29 and 30.
Since September 11, a growing number of countries are requiring that aircraft overflying or landing at their respective airports carry war-risk insurance.
In a world of uncertainty, life insurance remains a priority for many business aviation pilots. Unfortunately, it also remains a much misunderstood subject.
Before September 11, insurance occupied no more than an afterthought in the minds of most in the aviation industry. For years, premiums had remained relatively stable, even reasonable, and standards of coverage conformed to the level of threat, perceived as minimal. In the years ahead, the aviation industry will look back at those as “the good old days.”
A new Information for Operators dealing with risk assessment was released last month, specifically focusing on how it relates to a safety-management system. The tool discusses the various risks associated with a flight, how to handle them and what may be considered an acceptable risk.
The FAA this week released a new Information for Operators dealing with risk assessment, and specifically how it relates to a safety-management system. The tool discusses the various risks associated with a flight, how to handle them and what may be considered an acceptable risk.
Last month this column looked at safety management systems (SMS) and considered why the industry is embracing them. This month focus shifts to the key elements of such systems and their contribution to the industry’s livelihood.