Tag: War risk insurance

Airline insurance premiums could triple after crashes

Julie Campbell
airline insurance war risk policy

This year has been a catastrophe for global aviation, with numerous tragic disasters after a long span of calm. Since the start of 2014, there has been a tremendous number of tragedies when it comes to aircraft crashes, and it is now believed that the airline insurance industry will be considerably increasing its rates in order to reflect the changing trends. Aviation continues to be considered among the safest forms of transport, but this year has been a bad example of that. Airline insurance, which has not had a great…

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War risk insurance extension granted by Obama

G. Turner
airline insurance war risk policy

This coverage availability has been extended throughout 2014 for airlines by the president. The American government coverage that provides airlines with guarantees against perils related to war and terrorism, war risk insurance, has been extended until the end of 2014 by President Obama. This coverage has been extended for four different carriers that would have lost their protection at the end of 2013. President Barack Obama has granted an extension for the airline war risk insurance for as long as one more year. He made this decision while he was…

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