Avemco Announces Rate Decreases At Lakeland | 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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 04.20.17

Airborne
04.24.17

Airborne
04.25.17

Airborne
04.26.17

Airborne
04.27.17

Airborne
04.21.17

Airborne-Unmanned 04.25.17

Airborne-YouTube

AMA 04.20.17

Airborne
04.24.17

Airborne
04.25.17

Airborne
04.26.17

Airborne
04.27.17

Airborne
04.21.17

Airborne-Unmanned 04.25.17

Thu, Apr 19, 2007

Avemco Announces Rate Decreases At Lakeland

Will Also Research Human Factors In Accidents

How often do we hear about an insurance company lowering its rates? At a Wednesday press conference at Sun 'N Fun, Avemco Insurance Company announced the company has lowered its rates on coverage for specific models in the Technically Advanced Aircraft (TAA) category. Rates have been reduced for all Cirrus models and Diamond's new DA-42.

When asked why they were making the change, Avemco Executive VP Jim Lauerman said, "To maintain our leadership in General Aviation insurance, we constantly monitor our underwriting results to ensure that we charge a rte that is adequate to promptly pay for all covered claims and also provide a solid return on our stockholders' investments. While inflation usually means that those rates need to increase, sometimes the analysis indicates that we no longer have to be as conservative in some of our assumptions. This is one of those times."

When asked if the continued education programs being announced by Cirrus and Diamond were contributing factors, Lauerman said, "These programs definitely made the decision easier."

Lauerman also announced higher liability thresholds for policy holders based on market demand. These changes are in addition to Avemco's recent broadening of liability coverage for bodily injury to family members who are injured due to the negligence of another family member.

In their continued interest in aviation safety, Avemco is working on a study of Human Factors as they relate to aviation accidents. This will be a multi-year research study known as Airmanship Education Research Initiative (AERI). The study seeks to understand pilot-induced accidents as they relate to mental processes and compare them with those processes of expert airman who have remained accident free.

"The goal of this research project for Avemco is obviously a business one: determining characteristics and practices that are associated with accidents will help us in underwriting and pricing risks" Jim Lauerman explains, "understanding more about piloting expertise will make for better and smarter pilots at all levels, and ultimately safer skies."

Lauerman noted, "Who better to do the research than an insurance company?"

FMI: www.avemco.com

Advertisement

More News

AMA Drone Report 04.20.17: Phantom 4 Advanced, NJ NIMBYism, AMA-DJI Team Up

Also: AUVSI XPO17 LIVE!, Steady Drone Sales, Drone v Shotgun... DJI’s new Phantom 4 Advanced offers a more powerful camera and more upgraded controls. The new upgrades the or>[...]

The 2017 Planes of Fame Air Show At The Chino Airport Will Go On As Planned

But Tenants Who Filed Suit Will Seek Changes In Oversight For 2018 Show The group of plaintiffs filing suit against Planes of Fame have withdrawn the motion for a preliminary injun>[...]

Airborne 04.26.17: Kitty Hawk Flyer, Mooney CEO Departs, Part 23 Training

Also: Sun 'n Fun, North Dakota, Turbulence, Canadian Drones, Voyageur Aviation, Oxford Airport, Drone Classes A major player in the online world, Google’s Larry Page, has ent>[...]

Airborne 04.25.17: Vietnam Helicopter Museum, Gleim Virtual Cockpit, Av Police

Also: Airport Fight, Aero-Calendar, H145, A321neo, Emirates, Airspace Workshops, Jeppesen A claim of discrimination has been filed against Contra Costa County, CA by the Vietnam He>[...]

AD: Rolls-Royce plc Turbofan Engines

AD NUMBER: 2017-08-10 PRODUCT: All Rolls-Royce plc (RR) RB211-Trent 970-84, RB211-Trent 970B-84, RB211-Trent 972-84, RB211-Trent 972B-84, RB211-Trent 977-84, RB211-Trent 977B-84, a>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC