Effect of EU iability insurance hikes lazy | Aviation International News

Effect of EU iability insurance hikes lazy

A little over one year has passed since the European Union introduced higher minimum liability insurance requirements for aircraft registered within the EU

By Gunter Endres

November 29, 2006

A little over one year has passed since the European Union introduced higher minimum liability insurance requirements for aircraft registered within the EU, and those of foreign registry flying into or over its 25 member states. Regulation EC 785/2004, which became mandatory last April 30, was intended to standardize disparate levels of insurance pertaining within the EU and to raise liability requirements to ensure adequate consumer protection. Heavy penalties could be imposed for noncompliance.

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