When the terrorist attacks occurred on September 11, 2001, the whole world was greatly shocked by the terrible consequences, especially in the airlines. In addition to the fact that aviation’s transportation volume was obviously reduced, the attacks also triggered a dramatic rise in aviation insurance premiums and slashed the maximum war risk third-party liability compensation from US$1.5 billion per accident to only US$50 million. The airlines feared that insufficient coverage would force the airlines to ground their fleets. This article is to study the prevailing schemes proposed to cope with the crisis of insufficient war risk liability coverage after 911, and to explore the feasibility of pooling aviation war risk liability insurance among the domestic property insurance companies.