After Russia invaded Ukraine, many airplane leasers were told to break their leases on their grounded planes stuck in Russia. Their insurance companies do not believe they are responsible for the property loss.
Mission critical risk denial can be costly. Disappointment and anger will affect all aspects of the company’s operations — including recruitment and retention of employees, revenues, litigation and cost of capital.
This is what happens when a risk manager books a flight on a commercial airline and gets disappointed. What follows is a root cause analysis of a recent spate of flight cancellations.
With airplanes sitting on the ground, there are two forms of rust that pose significant risks as pilots prepare to take to the skies — pilot recency and equipment corrosion.
Flight attendants share the dangers of their jobs post-pandemic, from aggressive passengers refusing to wear masks to fears of contracting the deadly virus.
This year, six brokers from across the brokerage field were named as the 2020 Aviation Power Broker winners. An additional three brokers were named as finalists.
From asset protection for spacecrafts to workers’ comp policies for crew members, here’s what insurance coverage companies will need to make the commercialization of space a reality.
In the first six months of 2019, it has already been a challenging year for commercial insurance. Here’s what lines will likely be impacted moving forward.