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.
Experts say the overall insurance-aviation market is expected to remain flat for the rest of this year and begin 2012 at the same level, with pricing driven primarily by individual risk assessment, according to a recent report from Aon.
Troubled commercial airlines are dominating the news agenda as travelers are increasingly frustrated with time-consuming security, lengthy delays, frequent cancellations and routes that center on the