Latest Aerospace Headlines
All the headlines from our Aerospace Topic Page, ordered by recency.
Sompo International Appoints Marine, Aviation & Energy Leaders in London
Jan 30 2018 // Bermuda-based Sompo International announced that Paul Ashworth has joined the company’s London Market Insurance platform as head of Marine Insurance, managing a diverse portfolio, including hull & liability and...
SpaceX Lost Satellite on U.S. Mission Was Uninsured
Jan 23 2018 // U.S. taxpayers may end up paying for the missing satellite launched by Elon Musk’s Space Exploration Technologies Corp. that crashed into the ocean earlier this month, part of a classified U.S. government mission...
Airbus Looks to Insurers to Fill Export Trade Funding Gap After Europe’s Freeze
Jan 23 2018 // Airbus said on Monday it is working with private insurance firms and banks to help fill a two-year gap in trade funding left by a European freeze on government export credits, but expects limited public financing to resume...
Munich Re to Increase Shareholding in Global Aerospace to 51%
Dec 14 2017 // Global Aerospace, the London-based provider of aerospace insurance, announced that Munich Re has agreed to purchase an additional 11 percent of the shares in Global Aerospace Underwriting Managers Ltd., the company that...
Starr Offers Drone Coverage to Academy of Model Aeronautics Members
Dec 14 2017 // Starr Companies have formed an agreement with the Academy of Model Aeronautics (AMA) to offer its members insurance coverage for the commercial use of unmanned aircraft systems (UAS), also known as drones. Coverage...
FAA Awards New Mexico Film Company First Drone Waiver
Dec 1 2017 // An Albuquerque, N.M. cinema drone company says the Federal Aviation Administration has issued it a waiver that will allow it to fly drones over cast and crews on film locations. Flytcam Motion Pictures Managing Partner...
Airbus Aims to Develop Single Pilot, Autonomous Aircraft to Cut Crew Needs
Nov 22 2017 // Airbus SE is looking to develop autonomous aircraft and technologies that will allow a single pilot to operate commercial jetliners, helping cut costs for carriers, Chief Technology Officer Paul Eremenko said. “The...
Wignes Joins Alliant as Senior VP in Chicago
Oct 16 2017 // Wayne Wignes, a specialist in aviation and aerospace insurance, has joined Alliant Insurance Services as a senior vice president. He is based in Chicago. At Alliant he will provide targeted risk management and insurance...
FAA Can’t Keep Up with Requests for Drone Flights in Restricted Areas
Oct 16 2017 // Reports of safety incidents involving civilian drones have surged to an average of 250 a month, leading to a federal “emergency” action to approve drone flights in restricted areas, according to a government...
Global Aerospace Launches Aviation Professional Services Liability Insurance
Sep 20 2017 // Parsippany, New Jersey, September 20, 2017 – Global Aerospace, a leading provider of aerospace insurance, announces the introduction of Aviation Professional Services Liability insurance for the aerospace industry. The...
Airbus A350 Operators Must Upload Software Fix to Prevent Risk of Explosion
Aug 24 2017 // European aviation safety authorities have issued an emergency directive for operators of the Airbus A350-900 long-haul aircraft to upload a software fix to prevent potential overheating of the hydraulic system and a risk...
JLT Specialty Makes Leadership Changes at North America Aerospace Practice
Jun 20 2017 // Global specialty broker and risk advisor JLT Specialty USA has made several leadership appointments in its Aerospace practice in North America. The appointments include elevating Phil Gingell, who most recently served as...
Why Insurance Lawyer Grounded FAA’s Drone Registry
Jun 7 2017 // John Taylor didn’t like the idea of being forced by the Federal Aviation Administration to register his drones. The requirement was “authoritarian,” the Maryland attorney said, and wouldn’t deter...
Marsh Launches Non-Payment Insurance for Boeing Aircraft Financing
Jun 2 2017 // Marsh has launched the Aircraft Finance Insurance Consortium (AFIC), a non-payment insurance product designed for banks and capital market investors that are funding new aircraft purchases from Boeing. Available...
Pacific Hurricane Season Depends on El Niño: NOAA
May 26 2017 // Forecasters say the central Pacific region around Hawaii can expect a normal or slightly above-average hurricane season, depending largely on the presence of El Niño conditions. Chris Brenchley, director of the National...
NOAA Updates Forecast for Atlantic Hurricane Season, Pacific’s El NIno
May 26 2017 // The Atlantic hurricane season will likely churn out an above-average 11 to 17 named storms, in part due to fading odds than an El Nino will form in the Pacific. Of storms that emerge during the six-month season that begins...
Trump’s Proposed Cuts to NASA and NOAA Could Impact Forecasting, Modeling
Apr 13 2017 // Funding cuts proposed in a White House budget that has been on the table for months spook some experts who are concerned that the ability to do everything from model changes in the climate to forecast the day-to-day...
North Dakota at Highest Risk for Spring Flooding, NOAA Says
Apr 3 2017 // Northern North Dakota — the Souris River, Devils Lake and the northernmost reaches of the Red River — has the greatest risk of major flooding this spring, while moderate flooding is possible over southern Idaho...
NOAA: North Dakota at Highest Risk for Spring Flooding
Mar 16 2017 // Northern North Dakota – the Souris River, Devils Lake and the northernmost reaches of the Red River – has the greatest risk of major flooding this spring, while moderate flooding is possible over southern Idaho in the...
Reported Drone Safety Violations Flying High — Up 46%: FAA
Mar 6 2017 // Reports of drone safety violations continued to increase during 2016, according to the Federal Aviation Administration. There were 1,274 reports from February through September last year, compared with 874 for the same...
