Aspen Claims Service

Drone Insurance Will Take Off With New FAA Regulations

 Friday, September 2, 2016

 Insurance Business America

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.
PropertyLiabilityLegislation & Regulation
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