“I have an obligation to get you to your destination. You have an obligation to pay. What else is there? We don't need 24 pages of legalese.”
Aviation Insurers Offer some Good News
At the Aviation Insurance Association convention earlier this year, industry experts reported a mini-boom that is benefiting the insured, large and small. The reason: a credit crunch throughout much of the economy, triggered by the U.S. sub-prime loan debacle, has been driving capital, especially private-equity funds, toward less risky investments, including aviation insurance. With a favorable loss history and an upscale worldwide clientele, the field presents an attractive vehicle in an uncertain time, explained representatives of some of the largest aviation insurers.