aviation insurance News

Brinck Insurance Group Hires Burns for Aviation, P/C Expertise

Brinck Insurance Group in Springfield, Mo., has hired Roni Burns as the company’s newest agent. Burns, who is a private pilot, will specialize in aviation insurance as well as property and casualty insurance. Prior to joining Brinck Insurance Group, Burns …

London’s IUA Supports Coordinated, International Approach to Drone Regulation

A coordinated, international approach to the regulation of aviation drones is essential for the technology to thrive, said the International Underwriting Association (IUA), which represents wholesale re/insurance companies in the London market. As a result of rapidly growing interest in …

Fasten Your Seatbelts, Flying Cars Could Take-Off Within 3 Years

The first time Carl Dietrich brought his flying-car concept to the Experimental Aircraft Association’s annual AirVenture gathering in Oshkosh, Wisconsin, he had only a video to show the aviation geeks who wandered by his modest stall. The following year, he …

SterlingRisk Insurance Launches Aircraft Business Income Cover

SterlingRisk Insurance, a privately-owned brokerage based in Woodbury, N.Y., has launched aircraft business income coverage designed for both the aircraft owner and operator to protect their expected charter revenue from loss due to unscheduled maintenance and cancelled flights. The product …

Complex Situation Occludes Details on Loss of Malaysia Airlines Flight MH370

Very few details have been released by the re/insurance industry related to the missing Malaysia Airlines Flight MH370, which has caused some minor confusion as to the re/insurers providing coverage for claims. The confusion is primarily the result of the …

Great American Insurance Group to Launch Aviation Division

Great American Insurance Group has launched a new line of specialty insurance products through its new Aviation Division. This venture will kick off the underwriting of the new product line on April 1, 2014. The Aviation Division will be headed …

Petersen International Launches Loss of License Insurance for Pilots

Petersen International Underwriters, a specialty insurance marketing and underwriting firm that writes aviation insurance business, has unveiled its new “loss of license” insurance for professional pilots. The product provides temporary and/or permanent loss of license coverage with monthly and lump …

Insurer, Cargo Firm Sue FAA Over Payments for Military Crash in Afghanistan

National Air Cargo Group Inc. and its insurer sued the U.S. for breach of contract, saying the government failed to provide reimbursement of as much as $45 million for the crash of a Boeing 747-400 on a military mission in …

Equity Risk Partners Enhances Aviation Practice

Equity Risk Partners, an insurance brokerage, employee benefits and risk management consulting firm, has joined forces with AirSure Limited, an aviation risk management consultant in the United States, to strengthen its DefCon Risk Group specialty practice focused on defense, aerospace …

Starr Aviation Partners with Aviation Safety Group for Pilot Reward Project

Starr Aviation (Starr), a division of Starr Indemnity & Liability Co., has partnered with the Society of Aviation and Flight Educators (SAFE) and Redbird Flight Simulations (Redbird) to reward participation of insureds in the Pilot Proficiency Project. Available at major …