Search
 

Market Holds Steady After Bombs Found Headed To Chicago

The discovery of two bombs destined for Chicago from Yemen, but intercepted on cargo planes in Dubai and Britain, will not have a huge impact on the global aviation market, but the event has spurred discussion about supply chain risk assessments.

By Chad Hemenway | Updated on November 07, 2010

The discovery of two bombs destined for Chicago from Yemen, but intercepted on cargo planes in Dubai and Britain, will not have a huge impact on the global aviation market, but the event has spurred discussion about supply chain risk assessments.

“There was not an actual loss,” said Garrett Hanrahan, chief executive officer of Willis Global Aviation the Americas, as he began to explain the potential market impact. “Also, there is a lot of capacity in the market and that is going to temper underwriters even if they have a desire to move rates up.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.