[COUPERS] Insurance

[Marwarhamp]

Title: Save/Print All Messages in Topic

These messages are from the AVSIG Forum [http://go.CompuServe.com/Avsig], on CompuServe [http://www.CS.com] CompuServe Forum Messaging is intended for private use only. © Copyright CompuServe Interactive Services, Inc., 2000 Topic:    Insurance update Msg #1701748  To:     Sue A. Critz [KELP] 1 reply  From:     Anne Umphrey [KBED] 3:41 p.m. on 23-Feb-2000  Sue, A member of our Board of Directors of the New England Helicopter Council is a vice president of a large insurance company who writes a lot of aviation insurance. Here is a synopsis of a longer report he made to our Board. He said that losses have exceeded premiums for a while and that aviation insurers are looking for ways to regain their profitability (After all they do have to report to their stockholders). In order to do this they have looked at several options including leaving the aviation insurance market, restricting classes of business underwritten and limits of liability, raising deductibles and premioun levels. We small business operators are the one who are taking the hit. His suggestion was to contact our insurance advisors, yet be prepared for increased costs and limits of liability. As a Robinson helicpter operator I've joined a program aimed specifically at R22 and R44 owners and operators. We have a fairly large pool and that has kept our costs down somewhat and our limits higher. I would suggest that small business owners and operators get together and form their own pool. Anne AVSIG Forum, Train'g/Proficiency Location of this message:  http://go.compuserve.com/Avsig?MSG=1701748  Topic:    Insurance update Msg #1701803  To:     Anne Umphrey [KBED] [received] No replies  From:     Phil Hecksel PTK 8:16 p.m. on 23-Feb-2000  >>looked at several options including leaving the aviation insurance market I had problems last year maintaining same insurance level. Only one company agreed to write the same policy and their rates increased 30%, but would limit the increase to 10% for current customers. This is a reply to a message from Anne Umphrey [KBED] AVSIG Forum, Train'g/Proficiency Location of this message:  http://go.compuserve.com/Avsig?MSG=1701803