Drones and Insurance - Many Moving Parts in the U.S.
Issue: November 2016 |
By Laura Allison, Property/Casualty Underwriter, Stamford
Ridge Muhly, P/C Treaty Account Executive, Philadelphia
Jill Tumney, P/C Treaty Personal Umbrella Line of Business Underwriter, Stamford
with contribution by Andrew Spiegel, USAIG
Region: North America
The insurance needs and challenges surrounding unmanned aircraft (UAs), or drones, have generated many discussions in our business. In both commercial and personal lines, customers increasingly ask insurers for coverage—and insurers are considering the many options.
In this publication, we examine drones and insurance from several standpoints, including:
- New federal rules for commercial and recreational use
- Drone underwriting and product Q&A with Andrew Spiegel of USAIG
- Insurance coverage options from ISO, including new Homeowners filing
- Gen Re insights on drone risks and solutions