Drone Insurance Will Take Off With New FAA Regulations

Friday, September 2nd, 2016 Legislation & Regulation Liability Property

The Federal Aviation Administration drone regulations that went into effect Monday are expected to usher in a new and dramatic period of change for the commercial use of unmanned aerial vehicles — one that spells potential profit for insurance professionals. Among other things, FAA Regulations Part 107 removes requirements that a drone operator be a licensed pilot and that a company obtain an FAA 333 exemption, allowing them to legally use drones for a specific task. Such cumbersome requirements took months and often required the hiring of an attorney; in their absence, the barriers for entry are lower and the FAA expects 600,000 commercial drones in the air within a year.


External References & Further Reading
http://www.ibamag.com/news/new-faa-regulations-will-make-drone-insurance-explode-experts-say-37265.aspx
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