Archive for the ‘Insurance Products’ Category
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Tornado Season and Aviation Insurance: What You Need to Know
Whether for business or pleasure, pilots love flying. When threatening storm clouds appear on the horizon, special precautions become necessary. Because aircraft are designed to utilize airflow to produce the lift that keeps them airborne, they are at the mercy of strong winds.
Space Insurance and the New Era of Space Exploration
When veteran astronauts Bob Behnken and Doug Hurley set out for the International Space Station (ISS) from NASA’s Kennedy Space Center aboard SpaceX’s Crew Dragon capsule in late May, it was more than just a successful launch and flawless docking. The first mission to take astronauts to space from American soil in nearly a decade was also the first by a private space company to take humans to the ISS.
Repair Cost Inflation: What Is Going On?
In recent years, western economies have enjoyed incredibly low levels of price inflation overall. Certain costs have bucked the trend, however, as you will know very well if you have tried renting an apartment in London or San Francisco. Another of these “outliers” appears to be the cost of repairing aircraft hull damage. So, how big is the problem and what are its causes?
Claims Update: So, Your Company Has Been Sued
The phrase “Millions for Defense, Not One Cent for Tribute” is oft cited by clients who find themselves or their company in what appears to be a non-meritorious lawsuit. In these cases, we can become enamored with our defenses and we embark on a scorch the earth litigation. We want to win, we want to tell our story, we do not want to set precedent and we want to make sure the plaintiff and the attorney know we will not give up.
Important Considerations About Aircraft Hangars
Whether you are an individual owner or a large operator, properly storing and protecting your aircraft is essential to maintaining the value of this asset and ensuring it continues to operate at peak performance. Consequently, it is important that you consider your options for hangaring an airplane before you acquire it.
Insuring a New Aircraft? Keep These Important Tips in Mind.
For pilots pondering an aircraft purchase, the first consideration is finding the airplane that will best meet their needs. Once that perfect airplane is found, a next step should be…
Aviation Insurance Claims Costs are Rising. Here’s Why.
Pilots, operators, and other aviation stakeholders have observed that aviation insurance claims costs trend upward. Understandably, many ask why that is the case. While there is certainly a “cost of…
Aviation Insurance Guide: A Resource for Owners and Pilots
Aviation insurance is a product that is absolutely crucial to aircraft owners and pilots, but may be confusing. Ensuring that you have the right insurance requires that you understand the…
What You Need to Know About Experimental Aircraft Insurance
Many pilots of standard aircraft find another outlet for their passion for flight by building aircraft themselves from kits. Technically known as experimental amateur-built (EAB) aircraft, and sometimes called home-built…
Insuretech: Is Fundamental Change in the Insurance Industry on the Horizon?
Many believe the answer is a resounding “yes.” An industry that is often characterized as slow to adapt and somewhat opaque to the outside world is being challenged to adjust…
