Message-Id: <3.0.3.32.19981215220603.02cc5a44@olsusa.com>
Date: Tue, 15 Dec 1998 22:06:03 -0500
To: lancair.list@olsusa.com
From: RTWM02A@prodigy.com (MR STUART D SEFFERN) (by way of Marvin Kaye <marvkaye@olsusa.com>)
Subject: Re: Disappearing Insurance
Mime-Version: 1.0

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We are averaging 2+ losses per year on Lancair IV's out of a total 
risk group of about 100 flying airplanes.  This is a VERY high rate.  
Much higher than 152's for the number of THAT aircraft flying. The 
owners paying insurance in that group "pay for" the losses of that 
group.  I've talked many times to the Insurance adjuster for AVEMCO.  
He has a strong bias against Lancair IV in part (I would suspect 
mostly) because of the actual loss rate has been very high in dollar 
terms.  This is his bread and butter so to speak.  He makes his 
living betting that we will NOT have more accidents than his premium 
rate covers.  Its as simple as that.

  We, on the other hand should be able to find more effective ways to 
limit our risks if we take the effort to look at the data and ask the 
right questions.  It may be our only option until the actual loss 
record improves, which it eventually should....

Is there anyone out there who is or has a friend in the industry how 
might have more answers?

____
Stuart Seffern
Debbie Loiselle
916 Dane Street
Madison, WI 53713

E-Mail- RTWM02A@Prodigy.com