No end for aviation's woes. (Special Report: Marine/Aviation).

From: Risk & Insurance | Date: December 1, 2002| Author: | Copyright information

Last year, the aviation market condition was the worst on record. Today, the industry is still fighting to stay airborne and asking for federal intervention. The aviation industry is facing an uncertain horizon.

Without question, 2001 was the worst year in aviation history. An already struggling industry was crippled by terrorism and a week-long grounding of flights across the country. The insurance industry, distressed due to the same terrorism, rushed to exclude terrorism coverage from all policies. Airlines were left with few options: buy new coverage at unheard of prices ...

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