Airline Crash Insurance Claims Fall as Accidents Decline

Airline insurance claims for plane accidents will drop below $1 billion this year for the first time since 1991 as passenger fatalities and aircraft destroyed hit record lows, advisory firm Ascend estimates. Claims for aircraft losses and legal liabilities this year will total about $980 million, or $300 million less than last year, Ascend said in a report. Claims are almost half the $1.8 billion in premiums written in the period, it said.