Finance, Taxes, Insurance
AssuredPartners Warns of Bumpy Ride in Insurance Market
The Ukraine invasion coupled with the continued Boeing Max fallout is setting 2023 up to be one of the hardest markets in aviation insurance history.
AssuredPartners Aerospace believes higher aviation insurance premiums will affect private and commercial operations. (Photo: Mark Wagner)
AssuredPartners Aerospace believes higher aviation insurance premiums will affect private and commercial operations. (Photo: Mark Wagner)

AssuredPartners Aerospace is advising aircraft operators to “hold on tight” because the next 12 to 18 months will be a bumpy ride in the aviation insurance marketplace. The insurance brokerage noted that more details—and litigation—are emerging from losses stemming from the Russian invasion of Ukraine, as well as from the Boeing Max fallout.