March 2011 Issue
Still a Soft Market But Not For Long
A glut of new entrants following 9/11 softened the market, but flagging profits and a large hangar collapse may spark a gradual rise in premiums.
Insurance rates for most general aviation aircraft are lower than they have been in many years and some industry insiders believe that we are on the brink of a sea change. Even in this wildly cyclical business, old timers agree that this "soft" market is the deepest and longest lasting that they’ve ever seen. With prices as low as they are, this is a challenging time for underwriters. Predictions about where the market will go, how far and how quickly run the gamut.
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