By BOB MACKEY Whether you are building or flying, there are a few things you should know about aircraft insurance so you aren’t wasting your money and you have the insurance protection you paid for. During the building phase you have essentially two risks: Someone gets hurt while working on the project and the project […]
Insurance
Name your price
By BOB MACKEY Wouldn’t it be nice if you could just call up any aviation insurance broker and simply tell them how much you want to spend and then they would arrange aircraft insurance for that amount? It would be simple, easy, and you could go on about the more important things in life and […]
Pilots and life insurance
By BOB MACKEY Did you know traditional life insurance policies exclude all aviation risks except flying as a passenger onboard a schedule air carrier? No? Well, you are not alone. Can you have a traditional life insurance policy modified to include personal aviation? Yes, but it is expensive and you still might have some types […]
Kidnap, Ransom and Extortion option added to GA insurance program
NEW YORK — To help pilots and aviation companies address global travel safety concerns, XL Catlin is offering a Kidnap, Ransom & Extortion (KRE) Crisis endorsement available with its General Aviation insurance coverage. “Wrongful detention, an extortion event or kidnapping are increasingly real travel risks,” said Denise Balan, head of XL Catlin’s KRE insurance business in North […]
6 steps to take after an accident
Do you know what to do if you have an accident? Most flight training revolves around safety, but accidents do happen. A recent blog post from the AOPA Insurance Services outlines the six steps you need to take to ensure that everyone is safe, no regulations have been violated, and that insurance matters have been handled […]
Online insurance portal launched for UAS
PARSIPPANY, N.J. — Global Aerospace, an international aviation and aerospace insurance provider, has launched an online portal designed to provide drone owners and operators the ability to purchase an annual policy online. “For a number of years, Global Aerospace has been developing portal technology to simplify access to our insurance products and help our customers […]
USAIG CEO to retire, replacement named
NEW YORK — United States Aviation Underwriters (USAU), the manager of the United States Aircraft Insurance Group (USAIG), revealed that David McKay, Chairman and CEO, plans to retire after nearly 40 years with the company. McKay’s retirement will be effective April 3, 2017. At that time, John Brogan will become President and CEO. Under McKay’s stewardship, […]
Insurance company launches drone safety program
USAIG has introduced Performance Vector Unmanned, created specifically for policyholders who insure unmanned aircraft systems (UAS), also known as remotely piloted aircraft and drones. The program serves to keep safety at the forefront, which is especially critical considering that UAS outnumber registered manned aircraft, company officials note. The program’s predecessor, Performance Vector, was established in […]
Sporty’s Insurance Center launches
Sporty’s has launched Sporty’s Insurance Center, in partnership with Global Aerospace and The Loomis Company, which will offer coverage for both aircraft owners and renters. Sporty’s Insurance Center will offer automated online quotes around the clock on a mobile-friendly website. In many cases, pilots can do more than just get quotes — they can purchase coverage on the […]