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The Bad Old Days, as one could call them—the 1980s through the mid-2000s—represented a period of high losses for the aviation industry. Not only were aggregate claims high, but seven of the 10 deadliest aviation disasters occurred during those years.

Since then, major incidents have diminished, and it has never been safer to fly. The number of fatal accidents in 2012 was lower than it has been since 1945. Today, there is less than one fatal accident for every million flights, according to Swiss Re—the lowest in decades.

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