AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
When an airline has a crash, it does not only affect its own insurance price, but also it could affect prices for the entire industry. Lead hull and liability prices rose by 124% after the terrorist attacks on the US on September 11 2001.
“You had every aviation policy in the world cancelled because underwriters wanted to change the conditions on the policy, and the only mechanism they had to do that was cancelling the policies and re-issuing them", says Paul Hayes, a safety director, Ascend.
That is an extreme case. However, the Air France commercial flight......
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