Aviation liability gap emerges over precautionary grounding losses
Aviation insurers may face an often-overlooked coverage gap when precautionary groundings cause financial losses without physical damage or injury, according to Melanie Daglish, director of aviation at ITIC.
When a defect or suspected defect is identified in an aircraft or its components, regulators can, as a precaution, order every certified aircraft of that type, or aircraft containing that component
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