The crash of Asiana Flight 214 in San Francisco should not impact aviation insurance rates, which means the soft market should continue unabated, say experts.
The airline and aviation insurance markets report a profit for the first time in five years as airline losses and passenger fatalities dropped to all-time lows, says a report from insurance-broker Willis.
The aerospace-insurance market will continue its soft period as lead premium fell an average of 2 percent for 2011-2012 insurance programs, according to Aon Risk Solutions.