The aviation insurance market is going to be causing some significant adjustments amongst aviators across the board. I've been hearing tales of rates rising from 15% to double, depending upon what the adjusters see as risk. Older pilots, Basic Med, aerobatic aircraft, low time turbo prop owners, conventional gear are all in the categories they are looking to cancel or raise rates in. The Warbird ride business is something they have zero interest in underwriting so they'll either non-renew or raise rates to the point the owners cease the activity.
Mar 02, 2020 at 03:59 PM
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