Insurers warn aviation of massive rate hikes
Before September 11, insurance occupied no more than an afterthought in the minds of most in the aviation industry.

Before September 11, insurance occupied no more than an afterthought in the minds of most in the aviation industry. For years, premiums had remained relatively stable, even reasonable, and standards of coverage conformed to the level of threat, perceived as minimal. In the years ahead, the aviation industry will look back at those as “the good old days.”

Before September 11 war-risk hull insurance annual premiums came to as little as three cents per $100 in hull value, and Gulfstream IV-SP owners were contentedly forking over about $7,000 for war-risk hull coverage.