Liability and product risks in focus
For insurers, the developing situation raises immediate questions about product liability, aviation hull and loss-of-use risks, as well as the potential for business interruption claims as airlines grapple with grounded assets, postponed deliveries and disrupted schedules. Although there is currently no suggestion of an in-service security incident, the combination of structural oversight, recent global software recalls and an aggressive year-end delivery push increases operational and counterparty risk for both Airbus and its airline customers. Underwriters will keep a close eye on signs of extended downtime, repair campaigns or regulatory intervention that could precipitate claims or initiate policy reviews on both manufacturer and operator programs.
