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Insurance companies do not rate airlines that allow pilots to fly over age 60. The rates for hull coverage, and liablility are the same.
I worked for B.W.I.A. (British west Indian airways) for 30 years and in all that time only 2 pilots died (god rest thier souls) one was 45 and the other was 29. so it would seem that age is not always a good judge of health and fitness. incidently both were extremly fit and and maybe 5/10 pounds light for thier weightOriginally Posted by captjns
Insurance companies don't underwrite the entire risk. They reinsure the risk with other insurance carriers... same for all types of insurance with large amounts of coverage. When an insuarnce company responds to a risk, the beneficiary receives one check from the main unerwriting carrier. Thus as many as 10 insurance companies, for example, may carry the risk one policy... in other words... spreading the risk. Insurance companies do not rate airlines that allow pilots to fly over age 60. The rates for hull coverage, and liablility are the same.