Business Services Industry
Jumbo jet's arrival off insurers' radar; Capacity available despite increase in liability exposure.(News)
Business Insurance, March, 2007
Byline: DAVE LENCKUS The fanfare surrounding the maiden U.S. flights last week of the world's largest passenger jet contrasted markedly with the minimal disquiet that the jet's long-anticipated arrival has stirred in the global commercial airline insurance market. Contrary to concerns expressed by market executives two years ago, when the Airbus A380 was expected to be delivered much sooner than it ultimately will be, airlines that have ordered the double-decker jumbo jet have not clamored for liability limits that have strained the market's capacity, market executives say.
But some executives say they have seen some subdued limit building. Among the 15 airlines worldwide that have ordered the jumbo jet, manufactured by Toulouse, France-based Airbus...
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