Missing Malaysian plane unlikely to affect rates in aviation market

Mohammed Khan

Rates in the aviation market are unlikely to rise markedly regardless of whether the missing Malaysia Airlines flight MH370 is a total loss.According to PWC insurance partner Mohammad Khan, an “extremely benign” 2013 means a total loss would not be enough to increase aviation rates. “Last year was a very benign year,” he told Post. “We had reserve releases on both older years and profitable current year business.”As Post went to press uncertainty surrounded