Life Insurance at the Airport

Discussion in 'Aviation Mishaps' started by woxof, Jan 17, 2021.

  1. Huckster79

    Huckster79 Pattern Altitude

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    What did one of these policies go for?
     
  2. 3393RP

    3393RP En-Route

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    According to my great grandma's diary, between four and six dollars.
     
  3. Plano Pilot

    Plano Pilot Pre-takeoff checklist

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    Ticket from ELD to LIT was only $6.67 in 1946. I found this in my Aunt's stuff after she passed.

    20200813_154639.jpg
     
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  4. flyingron

    flyingron Touchdown! Greaser! PoA Supporter

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    $5 would get you $200,000 or so. You could buy less.
     
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  5. clear_prop

    clear_prop Pre-takeoff checklist

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    Boeing only made 1831 727s total. The most delivered in any year was 160 planes in 1968.

    The 737-100/200 was going for a smaller market than the 727, so sales in the same time period were less. Once the 737-300/400/500 came out in the mid-80s, they took over the 727s market and had similar sales numbers.
     
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  6. 3393RP

    3393RP En-Route

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    The distance between Little Rock and Eldorado is just 105 miles. I suppose the aircraft was a DC-3. It's a little surprising there was an airline running flights between those two small market cities so soon after the end of WWII

    The availability of thousands of C-47s and the unexpected economic boom following the war was the driver behind the formation of many small airlines like Chicago and Southern. It would be interesting to find some data about the proliferation of those entities in the years 1945-1950.
     
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  7. 3393RP

    3393RP En-Route

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    I found this tidbit with a search:

    The trend became so prominent that one 1963 lawsuit alleged, “In recent years air trip travel insurance has developed into a business of tremendous volume. For example, a recent annual report filed by a group of underwriters who handle a large portion of air trip insurance business in the United States, showed total premium collections for the year to be $3,382,561. In the same year the group wrote air trip insurance for $84,564,025,000 and paid out $1,388,839 in losses.”

    .
     
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  8. Zeldman

    Zeldman Touchdown! Greaser!

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    Wow.!!