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A tough year for aviation, but it's hard to say what the impact on rates will be

A spate of air crashes throughout the world has made the first seven months of this year the worst period for the aviation insurance industry since 2001, but the line has been profitable in recent years.

By Arthur D. Postal | Updated on August 04, 2014
Rescue workers survey the wreckage of TransAsia Airways Flight GE222 on the Taiwanese island of Penghu on July 24, 2014. (AP Photo)

A spate of air crashes throughout the world has made the first seven months of this year “the worst period” for the aviation insurance industry since 2001, an international insurance brokerage industry official acknowledges.

But as noted by officials at Marsh, one of three U.S. brokers active in the airline insurance space, this category “has been very profitable over the last four years,” and is well capitalized.

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