Mailing List lml@lancaironline.net Message #51294
From: Charlie Kohler <charliekohler@yahoo.com>
Sender: <marv@lancaironline.net>
Subject: Insurance
Date: Wed, 29 Apr 2009 13:18:58 -0400
To: <lml@lancaironline.net>

Not much has happened this week with Lancair's Insurance due to the annual convention of Aviation Insurance Assn. Here's something to mull over.  Charlie K.     See me on the web at   www.Lancair-IV.com   This is from Aviation International News.

"Aviation Insurance
By Harry Weisberger
June 1, 2008
Aviation Insurance Good news for operators: lower rates accompany expanded coverage despite the economic uncertainty in the U.S. and abroad, the mood was decidedly upbeat at the Aviation Insurance Association (AIA) convention April 26 to 29 at the Gaylord Opryland resort in Nashville.
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In the Safety Loop
Leading off the lineup of AIA convention keynote speakers was Doug Carr, an NBAA vice president, rulemaking specialist and AIA certified aviation insurance professional. He asked, “How can you be part of the safety solution? What can you offer in the way of safety guidance?” He suggested visiting policy holders and observing the physical environment. “Is the hangar and shop sparkling… or is it dirty and cluttered?” The answer, he suggested, can be a tell-tale sign of the customer’s commitment (or lack thereof) to a culture of safety.
He likened a corporate safety culture to a three-legged stool, with insurance the third leg. “The other two are the regulations, the FARs, which represent minimum standards, and the company’s own corporate culture. What do they do beyond the minimum?” he asked. Despite technological advances such as the transition from propeller to jet engines and the arrival of TCAS and TAWS, the policies that companies put in place could be even more significant, Carr said. He urged underwriters to gauge the CEO’s commitment to flight department safety policies and toward implementing a safety management system (SMS).
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He urged underwriters and agents alike to look for hints about whether a client treats training “like a necessary, required nuisance or part of a sincere commitment to safety.” He said that VLJs and their pilots present “an entirely new pilot-versus-risk scenario,” with training issues such as glass panels dissimilar from aircraft previously flown, and varying levels of instrument proficiency. He suggested encouraging if not actually requiring unusual-attitudes training to mitigate risk, especially in the newest aircraft."
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