Insurers Brace For Rising Risks of Drones

Τρίτη, 21 Ιουλίου 2015 15:23

A.M. Best TV episode insurers are saying surging demand for drones is adding a host of new liability and property exposures.
The U.S. Department of Transportation estimates that drones will out-number pilot planes in 20 years. With commercial enterprises falling under Federal Aviation Administration regulations, it is estimated that 40% of commercial business will be using drones in five years; as a result, insurers are preparing to offer commercial coverage.

A.M. Best Assistant Vice President Henry Witmer addresses some of the liability issues involved with the use of drones. “The liability exposure far outweighs any physical damage exposure to the drones. A.M. Best has noted that on the liability side, there are two main areas of liability exposure: operating the drones and securing the data the drones will possess.”

Additionally, Witmer spoke about the multiple levels of risk involved in using drones. “Risk management is critical, since there could be risks to the general populations, as well as, risks to a large gathering of people, as in the case of a concert. Insurers are going to have identify what the risks are, determine what the potential costs are involved in operating drones from a liability perspective and determine what potential lawsuits may arise from their usage.” 

OLDWICK, N.J.--(BUSINESS WIRE)

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