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Snowfall’s Impact on the Economy

Snow days are fun for most everyone and maybe that’s because people don’t immediately realize the economic impact of snowfall on the areas hardest hit. Let’s take D.C. for example. The area is still...

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Commercial Aircraft Use Jumps

Higher demand from countries experiencing greater wealth is driving growth in the commercial airline sector, where passenger travel demand skyrocketed 396% from 1981 to 2012, according to a report from...

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A Turbulent Year for the Aviation Industry, Despite Improving Safety

First, Malaysia Airlines flight MH370 mysteriously disappeared in March, dominating the news cycle and baffling aviation experts, government officials and civilian observers alike. This month, three...

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P&C Market Continues Downward Rate Trend

Property/casualty insurance buyers are continuing to see flat rates, as all lines of coverage averaged a zero percent rate change, MarketScout reported today. “The market continues to be trending...

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Aerospace Market Premiums Continue to Fall

Favorable loss records and low claims in the aerospace industry has led to steadily falling premiums of about 5% for the past eight years and jumping to 8% in 2014, according a report by Aon Risk...

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EgyptAir Flight MS 804 Crash Confirmed, Killing 66

Egyptian authorities believe they have found debris from EgyptAir Flight MS 804, but the search remains on for the wreckage of the Airbus A320 traveling from Paris to Cairo that vanished from the radar...

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FAA’s New Drone Rules Ready for Takeoff

The commercial use of drones, or unmanned aircraft systems (UAS), has been widely discussed in the insurance industry. There is much to speculate upon as the technology is still emerging, with any...

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Sharp Increase in Air Crash Deaths in 2018

The Aviation Safety Network (ASN) released its 2018 accident statistics, marking a notable uptick in fatalities from 2017. ASN recorded a total of 15 fatal commercial airliner accidents (12 passenger...

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How a Strong(er) SRM Program Could Have Helped Boeing

A strategic risk management (SRM) program is designed to assist organizations in identifying, prioritizing, and planning for the strategic risks that could impair or destroy businesses and reduces the...

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Travel Company Thomas Cook Collapses, Stranding Customers Worldwide

The world’s oldest travel company, UK-based Thomas Cook—which operates hotels and resorts around the world as well as its own airlines—all but collapsed this week, cancelling all of the company’s...

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