Industry vet pinpoints rising claims costs and market pressures in 2024
Dealing with some of the most high-profile and complex aviation losses in the market – from complex repairs to complete loss of aircraft – Charles Taylor Adjusting’s global team of aviation adjusters and contractors have a birds-eye view of what’s challenging the aviation industry today.
Assessing the pressures facing insurers in H1 2024, the firm’s global director of aviation, Hugh Thacker (pictured), pinpointed the ongoing increase in claims costs as one of the biggest issues facing the market. The costs involved in repairing an aircraft have increased significantly, he s