Magazine date:
Apr 2015 AIG has introduced two new third party liability covers for aeronautical products:
The first involves third party liability insurance after delivery, including the aircraft grounding, within a limit of 50 million USD per event but without annual limit for both manufacturers and non-critical component suppliers.
The second provides aviation third party liability insurance for the benefit of airports, service providers and suppliers of non-critical aeronautical products with a maximum limit at 1 billion USD.