The third edition of Introduction to Aviation Insurance and Risk Management has provided the opportunity to improve the book and extend its life into the 21st Century. Old material has been deleted and newer, more timely material added. Unlike the previous editions, a number of industry professionals have contributed to the new version. Despite these changes the primary purpose of the book remains the same - to introduce the basic principles of insurance and risk with their special application to the aviation industry. It has been designed for several similar, yet distinct audiences: the college student, corporate pilots or fixed base operators, and individuals in the insurance business.

Aircraft Insurance Fundamentals: A Concise Guide For Aircraft Owners and Operators: Revised and Expanded 2nd Edition, by Timothy K. Bonnell Jr., is a practical reference for navigating the world of aircraft insurance. Readers will learn why aircraft insurance is unique from other areas of insurance, what affects aircraft insurance rates, how to read an aircraft insurance policy, and how an aircraft insurance underwriter determines premiums. After reading this book, readers will have a general understanding of what is and isn't covered by an aircraft insurance policy. This revised and expanded edition includes comprehensive insights into insuring Unmanned Aerial Systems (UAS or drones), as well as the rapidly advancing sectors of Advanced Air Mobility (AAM) and electronic vertical take-off and landing (eVTOL) aircraft. This edition not only revises existing content but also introduces crucial new sections designed to equip readers with the knowledge to navigate the complexities of modern aviation insurance.

The fourth edition of this highly regarded work examines all forms of aviation insurance, and includes a detailed analysis of its practical applications and of the workings of the international aviation insurance market.Fully updated to include all new developments in the area of aviation insurance practice and law since the previous edition, this essential work includes:* Detailed coverage of the impact of the September 11, 2001 terrorism acts on the writing of war and terrorism insurance* The establishment of the Aviation Insurance Clauses Group as a replacement for the Joint Technical and Clauses Committee* Discussion of new policy forms, clauses and endorsements adopted by the insurance market since 2000, including such endorsements as AVN67c and AVN99 covering the interests of aircraft financiers and lessors* Changes in the structure and regulation of Lloyd's, developments in law governing insurance companies and underwriters at Lloyd's, and in the interpretation of aviation policies* Developments in European Union law which impact on the London MarketThe only text of its kind that describes in complete detail the structure and workings of the London aviation insurance market, the writing of aviation insurance, the kinds of coverage which are available, including hovercraft and spacecraft insurance, and the legal principles involved in the interpretation of aviation insurance policies, this readily accessible text will be of significant value toall with a business or legal interest in this subject.

Insurance related to outer space activities has been around since the 1960s, but has become vastly more significant with the increased commercial use of satellites. This book focuses on the legal aspects of space insurance in the contractual context, analysing space risk as well as the insurance terms used on the market. It offers the first in-depth coverage, both practical and theoretical, of space insurance from an international law perspective. Attending throughout to the important and problematic distinction between the space segment (upstream) and ground segment (downstream) in space law, this book deals comprehensively with such issues and topics as the following: - the main hazards relating to space activities; - the impact of new space technologies on the level of risk and insurance; - the differing types of risks attributable to various entities in the context of insurable interest; - aspects of the space risk allocation regimes and risk assessment; - the impact of the five ‘space treaties’ – the Outer Space Treaty, the Liability Convention, the Rescue Agreement, the Registration Convention and the Moon Agreement – on the subject and scope of insurance coverage; - the advent of suborbital flight, commercial human space flight and space tourism in the context of emerging insurance risks; - the problem of space debris; - contractual aspects of space activities affecting the space insurance risks; - basic notions such as ‘outer space’, ‘space object’ in the context of space activities and related insurance coverage; - basic insurance principles and their operation in the space insurance; and - the adjustment of losses and the settlement of disputes in space insurance. The author emphasises the need to understand the various insurance risks facing particular types of commercial space activities, including pre-launch, launch, transportation, spaceflight, satellite communications, satellite navigation, satellite remote sensing and space station operation. Satellites are increasingly a vital part of many daily activities of contemporary society and the Earth’s orbit is becoming ever more crowded, heightening the risks of collision, damage and claims. This thoroughly researched book will therefore be extremely useful to lawyers, policymakers and academics tasked with defining the scope of insurance coverage that accurately mirrors technological, contractual and legal reality. Its practical aspect will be of extraordinary value to insurance lawyers, underwriters and brokers.