Finance, Taxes, Insurance
Bizav insurance rates falling?
Business aircraft and large charter operators may start seeing reduced insurance premium rates within the next few months, if they haven’t already.

Business aircraft and large charter operators may start seeing reduced insurance premium rates within the next few months, if they haven’t already. According to various brokers, insurance premiums for certain segments of the business aircraft and charter market have fallen by 25 percent or more in the past six to 12 months.

“With respect to corporate aviation, we’ve seen average reductions in premiums of about 25 percent,” said Jeff Bauer, president of St. Louis-based NationAir Insurance Agencies. “Charter operators who fly all turbine or primarily turbine aircraft with just a few turboprops are also seeing some good decreases.”

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