AVIATION INSURANCE
October 1st, 2003
BY KEITH NUTHALLEUROPEAN Union ministers have struck a political deal over a draft regulation that sets compulsory insurance requirements for civil aviation businesses operating from of flying into the EU. The legislation is an attempt to create some predictability in aviation insurance markets that were hit hard by the September 11 attacks, making it clear what kind of commercial insurance coverage must be secured by carriers and where governments can step in to shoulder costs. The legislation also goes further, harmonising EU requirements on insurance cover for ...
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