The fatal collision between a recreational airplane and a tourist helicopter over the Hudson River should not affect rates for such planes, but could possibly impact helicopter coverage, according to two insurance brokers in a story in National Underwriter.
According to the story:
For insurers, the most important underwriting factors are training and flight experience. Pilots who take classes in addition to recurrent training classes required by the Federal Aviation Administration are considered better risks because they show a higher concern for safety, he said. Also, the more hours a pilot flies, the more experienced pilot he or she is, and that is also considered a positive risk factor.