drone insurance News

Portugal Accelerates Drone Law After 8 Close Encounters with Aircraft

Portugal is expediting a law that will introduce mandatory registration and insurance for drones weighing more than 250 grams (8.8 ounces). The measure follows eight near-misses between drones and commercial aircraft at Portuguese airports in June. Airlines have warned of …

Munich Re US Launches Commercial Drone Operator Liability Endorsement

Munich Reinsurance America Inc. (Munich Re, US), has launched a new commercial drone insurance product that offers customized liability for insurance companies and their small-to-medium size businesses using drones under Federal Aviation Agency (FAA) Rule 107. Rule 107 went into …

Doughnut Delivery Drone Takes Flight in Colorado

Doughnuts were delivered this week by drone to Denver’s mayor and the city’s police and fire departments in an event that provided a glimpse into what companies hope will be a quick, inexpensive way to get merchandise to customers. Denver’s …

TMK Offers Construction Insurance in UK, Ireland via Online Broker Portal

Tokio Marine Kiln (TMK), the international specialist insurance business, has added construction to its One TMK broker portal. The tailor-made construction insurance product is underwritten through a fully automated process, TMK said, noting the platform provides an efficient way for …

Drone Operator Causes 1,500 Elk to Stampede Through Wyoming Snow

Wildlife refuge officials say a man with a drone caused 1,500 elk to stampede half a mile through the snow. The stampede happened Monday at the National Elk Refuge in western Wyoming. Elk and bison often congregate at the refuge …

TMK Launches Unmanned Aerial Systems Cover via Its Online Platform

Tokio Marine Kiln (TMK) has added unmanned aerial systems (UAS) insurance to its One TMK digital exchange, which will allow brokers to quote and bind UAS policies online in real time from wherever they are in the world. The product, …

2017 Predictions for Insurtech, Australia D&O & India Cyber Insurance, Part 2

Insurtech was an insurance buzzword in 2016 and that’s likely to continue next year when it will permeate almost every aspect of U.S. industry, according to a prediction from international law firm Clyde & Co. Clyde & Co.’s insurance team …

What Hobbyists Should Know About Drone Insurance

If a drone is on your holiday shopping list, be sure to check your insurance coverage before you crack open that instruction manual and take flight. Damage from a drone is a bit more complicated than handing your kid a …

Why Insurers Must Pick Up Their Technology Pace

The insurance industry is on the horns of a dilemma: how to use new technologies to improve their operations and how to insure the risks these new technologies present to their customers. The pace of technology is changing at faster …

ISO Introduces Drone Coverage Options for Commercial Inland Marine Market

ISO has launched inland marine insurance forms for businesses using commercial drones to protect them from the costs potential crashes, including damage to the drones, their equipment, and their cargo. The new ISO forms offer underwriting tools to address commercial …