Aircraft lessors are filing claims for payouts, but insurers don’t agree that coverage extends that far. When Russia invaded Ukraine, it threw a number of markets into turmoil, and in the case of the aircraft market, it has also led to a tremendous insurance battle. Aircraft leasing firms provide approximately half of the 1,000 planes in Russian airline fleets. The aircraft leasing firms are from outside Russia and are finding themselves locked between Russian airlines that refuse to pay and insurers who say they’re not obligated to do so. This…
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Insurance news on a global scale shows solidification of rates
Marsh has now released its latest quarterly briefing on the state of the market and its trends. The most recent report released by Marsh has shown that the insurance news from around the world appears to indicate that the rates have been solidifying throughout the entire first quarter of the year. This firming trend is continuing one that has been continuing over the last year and a half. The insurance news report from Marsh showed that several parts of the globe have, overall, experienced a relatively stable rate environment. The…
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