Finance, Taxes, Insurance
Broker: Aircraft Insurance Rates To Climb 5% to 30%
A recent spate of accidents has turned the aircraft insurance market from soft to hard in just a few months. Expect rate increases, said one broker.

The aircraft insurance market has swung from a soft to hard market “in just a few short months,” according to Matt Drummelsmith of Aviation Specialty Insurance. “What was once a process of sourcing competitive quotes from several carriers has now turned into a matter of hoping the incumbent carrier doesn’t pass off an unjust rate increase.”