Israel to Provide $6B War Insurance Cover for Israeli Airlines
Israel's parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance ...
airline insurance News
Heat Wave Prevents Dozens of Planes From Flying in Phoenix
Summer heat can make even the hardiest people wilt and collapse into a pool of sweat. The same is true for the Bombardier Inc. family of regional jets—it can become too hot to fly them when the ...
Memorial Day Travel Will Be at Highest Level Since 2005: AAA
An estimated 39.3 million Americans will travel 50 miles or more away from home this Memorial Day weekend—the holiday's highest travel volume since 2005, according to AAA. The majority of travelers ...
Allianz Lead Reinsurer for Downed AirAsia Plane
Allianz SE could be exposed to claims of at least $100 million linked to the AirAsia jet missing off the Indonesian coast with 162 people on board—the third major airline accident it has been ...
Resurgent Iceland Volcano Adds Risk to North Atlantic Flights
Airlines are on alert as one of Iceland's biggest volcanoes rumbles to life, threatening ash clouds that could force flight cancellations across the North Atlantic, the busiest international travel ...
Catlin Doubles Profit Amid Rate Deterioration, Plane Crashes
Catlin Group Ltd., the insurer paying for two Malaysian Airline disasters, rose the most in more than a year in London trading after reporting record earnings even as deteriorating rates plague the ...
Four Airlines Win Terror Insurance Extension
U.S. government insurance that guarantees airlines are covered against terrorism and war was extended for four carriers, including Virgin America Inc., that otherwise would have lost coverage at the ...