Finance, Taxes, Insurance
Aircraft Insurance Rates Climbing, Says Broker
After years of decreases, aircraft inurance rates are now headed upward, notes Aviation Specialty Insurance president Matt Drummelsmith.

An increase in general aviation insurance claims over the past two years has recently led to a corresponding rise in premiums, said Aviation Specialty Insurance president Matt Drummelsmith. This ends a decade that has been “very friendly” to aircraft policyholders, where “it was almost expected to get a 10 to 20 percent renewal decrease” just a few years ago, he said.