Tagged "Bizjets"

Insurance Rates Take Off Upward Trend in 2018, First in 16 years

In early 2018, most buyers began hearing that their aircraft insurance rates would be increasing for the first time in years. Rate increases of 3-5% for operators with clean loss records were common, and 15% for those who’d had claims. By the end of 2018, claims free operators were seeing 10-15% rate increases, and those with claims history even higher.