Introduction to Aviation Insurance and Risk Management

The third edition of Introduction to Aviation Insurance and Risk Management has provided the opportunity to improve the book and extend its life into the 21st Century. Old material has been deleted and newer, more timely material added. Unlike the previous editions a number of industry professionals have contributed to the new version. Despite these changes the primary purpose of the book remains the same--to introduce the basic principles of insurance and risk with their special application to the aviation industry. It has been designed for several similar, yet distinct audiences: the college student, corporate pilots or fixed base operators, and individuals in the insurance business.

Alexander T. Wells, Ed.D. is currently the academic director of the Aviation Insurance Association (AIA) Educational Institute. Starting his insurance career as an aviation underwriter with Royal-Globe Insurance Companies in 1960, he subsequently was a broker with Rollins Burdick Hunter Company in Chicago. Retiring in 1998 after a 26-year teaching career, he presently serves as an adjunct professor of aviation business administration at Embry-Riddle Aeronautical University. Bruce D. Chadbourne, Ed.D. graduated from the University of Florida with a major in property and casualty insurance. Starting as a general agent with Aetna Life Insurance Company where he earned the Chartered Life Underwriter (CLU) designation, he held a number of management positions before entering the teaching field in 1973 with Embry-Riddle Aeronautical University where he is presently a professor of aviation business administration.