Intensifying war risks may drive up aircraft insurance premiums
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Nigel Weyman, aerospace global executive with Arthur J. Gallagher & Co., said that the worsening military conflict in Sudan may drive up aircraft insurance premiums, further increasing the considerable cost pressure on airlines from the Russia-Ukraine war, Aviation International News reported. Mr. Weyman added that war-associated risks, taking into consideration other global tensions such as China’s aggressive stance over Taiwan, have further increased concerns for airlines.
