Finance, Taxes, Insurance
Making plain sense out of aviation insurance
There was no such thing as aviation insurance when Shakespeare penned, in Henry VI, “The first thing we do, let’s kill all the lawyers.” If there had been,

There was no such thing as aviation insurance when Shakespeare penned, in Henry VI, “The first thing we do, let’s kill all the lawyers.” If there had been, the quote might have been a bit longer, according to many in the industry. Next to lawyers, everyone loves to hate insurance agents and underwriters.

Recently, it has become a common belief that although insurance companies have traditionally made unholy profits, they’ve gotten even greedier since 9/11. But Robert Beyers, senior v-p of aviation and aerospace practices for insurance broker Marsh, sees it somewhat differently.