Last August, I had lunch at a restaurant overlooking Centennial Airport (KAPA) with the chief underwriting officer of a major aviation insurance carrier. The view was mesmerizing. The blue sky and Rocky Mountains in the background, a variety of aircraft below us – some just landing, some preparing for takeoff and others parked in perfect…
As Florida grapples with the devastation of Hurricane Ian, its impact on the insurance industry is already making the headlines. Estimates of “insurable losses” are between $25-$40 billion. While this is a big range, even the lowest of estimates is a meaningful, industry changing number. You will hear of possible litigation between the insurance companies…
Lately, it seems there is always “something” happening in the world that derails the stability of the aviation ecosystem. In 2020, it was COVID. The pandemic brought the aviation industry to a screeching halt, causing all of us to look at each other asking questions that nobody knew the answers to. COVID sparked serious concerns…
As 2022 begins, inflation is a recurring conversation topic. It has become impossible to ignore the increased expenses associated with everyday goods, services and commodities. As aviators, we are mindful of the expenses associated with operating our aircraft. The King Air community, as with all turbine aircraft, has seen an increase in their insurance premiums.…
An insurance policy should provide peace of mind when putting capital at risk. However, when operating your King Air, you should be aware there are some perils that may not be covered, thus, giving you a false sense of security. A well-constructed aircraft hull and liability policy can, and should, provide a broad array of…
The aviation insurance industry has officially entered the “hard market.” King Air owners and operators are seeing sharp increases in premiums with reduced ancillary coverages. Unfortunately, you can expect this trend to continue throughout 2021. In addition to the hard market affecting price, it can also impact how strictly insurance carriers adhere to exclusions within…