New Insurance Company Gains 50th Member In Less Than Nine Months | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Airborne 07.21.16

Airborne 07.22.16

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Airborne 07.21.16

Airborne 07.22.16

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

 

Wed, Apr 20, 2011

New Insurance Company Gains 50th Member In Less Than Nine Months

Aviation Alliance Insurance Risk Retention Group Fights Market Conditions To Grow

At the 2011 Aeronautical Repair Station Association (ARSA) Symposium, Bill Perdue, president of the Aviation Alliance Insurance Risk Retention Group, Inc. (AAIRRG), announced that "we have just enrolled our 50th member, which is a significant milestone in our progress as a new insurance company".

AAIRRG was formed by a group of the leading independent FAA -certificated repair stations in the United States and is sponsored by ARSA. The driving rationale for forming AAIRRG was the very high premiums that repair stations were required to pay for liability insurance on aircraft products. Traditionally, few aviation insurance markets have considered covering repair stations. Insurance rates became even more burdensome after the Sept. 11 terrorist attacks when most saw their premiums jump as much as 350 percent.

Understanding that repair stations bore no responsibility for the increased market rates, ARSA researched alternatives to the then-limited aviation insurance market. The research led to the retention of Polaris Enterprise Group, Inc, Saint Helena, CA, which specializes in insurance alternatives, to explore the feasibility of forming an insurance company that would specifically provide aircraft product liability insurance for ARSA members. AAIRRG obtained its insurance license from the State of Montana on June 18, 2010, and began the process of quickly registering in 22 states.

In nine short months, AAIRRG enrolled its 50th member, Wheeling, IL's, Aircraft Propeller Service, Inc., specialists in the repair and overhaul of Hamilton Sundstrand composite propellers.

FMI: www.aairrg.com

Advertisement

More News

Airborne 07.26.16-Oshkosh Day 2: Solar Impulse, Sun Flyer, Stemme S-12

Also: AEA $$Giveaway$$, LAM Aviation, Able Flight, Jack Pelton On Aero-Medical Reform We start our report this morning with something that has very little to do with the EAA AirVen>[...]

ONE Aviation Provides Singular Support For Coverage of AirVenture 2016!

ONE Aviation: Let’s Fly Together ONE Aviation delivers innovative access to general aviation by bringing together a line of products suited to the missions and budgets of ind>[...]

It's ALIVE! 2016 AirVenture Innovation Preview Program Debuting RIGHT NOW!

Get The EARLY Inside Details On THE Most Exciting NEW Innovations And Product Announcements From OSHKOSH... The staff of EAA and the Aero-News Network are pleased to announce that >[...]

Only Sporty's!!! Sporty's Pilot Shop Helps ANN Cover Oshkosh 2016!

Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]

Aspen Avionics, True Innovators, Present OSH2016 Special Event Coverage!

OSH2016 Sponsor: Always-Innovative Aspen Avionics Based in Albuquerque, New Mexico, Aspen Avionics specializes in bringing the most advanced display and sensor technology from the >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC