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If the IV is having a problem with insurance coverage, then I suspect that
there are other high performance planes in a similar situation.

Has anyone considered getting these insurance orphans together to form
their own risk pool? I won't call it insurance because the government
regulates the insurance industry (to that industry's benefit).  A
civil contractual arrangement between all the parties
limiting liability
to whatever is agreed upon should at least provide coverage for true accident
situations. Things like wheels up landings, fuel exhaustion, and other brain
farts could be explicitly excluded.  Acceptance could be based upon
finishing some training course and recurring training or other measure
of proficiency.

Putting the controlling entity off shore should get rid of nuisance
regulations.  Initially make the coverage more expensive than usual to
cover the risk, and invest the funds collected in some
interest bearing
instruments. After a few years (with some luck) rates might go down for
those that "invested" the longest. It's a bit like a mutual fund only the
fund has to pay for agreed upon losses.

Because it's a fund, the money put in can be viewed as any other speculative
investment, and individuals might consider putting in $10,000 up front
even though insurance coverage (if it were available) might only cost $5,000.
The money spent on insurance is an absolute loss to us, but the money invested
in the fund could produce a profit. There might even be a small psychological
effect that would make investors (pilots) more careful about not jeopardizing
their investment, and reduce the accident rate. Properly structured, there
might even be some tax advantages for profit or loss.

Just an idea.

Bill Gradwohl
IV-P Builder
N858B