‘AVIATION INSURANCE’ Category
»Posted On: May 5, 2011
Car insurance for flying vehicles?
Photo courtesy of Terrafugia
As advanced auto technologies hit the road, car insurance companies will need to test drive new types of policies. Terrafugia, Inc., a company based in Woburn, Mass., recently completed a flight-testing program for its Transition Roadable Aircraft, dubbed “The Flying Car.” It is expected to be available in 2011. » read on…
»Posted On: May 5, 2011
Lightning zaps insurers for $1 billion a year
When lightning strikes, it can cause catastrophic damage. This week, a lightning bolt is suspected to be the cause of a deadly plane crash. Ethiopian Airlines Flight 409 had roughly 90 people on board when it crashed into the Mediterranean Sea on Monday. No survivors have been found. » read on…
