Finance, Taxes, Insurance
U.S. Aircraft Insurance Unaffected by Malaysia Crashes
U.S. aircraft operators and the majority of their reinsurers “have dodged major bullets.”

Despite an estimated $535 million overage in aviation insurance claims this year stemming from the recent spate of foreign airline accidents (including two fatal crashes involving Malaysia Airlines Boeing 777s), Corporate Aviation Insurance Group president Matt Drummelsmith doesn’t expect any effect on insurance premiums for U.S.-based aircraft operators.