Message-ID: <00ab01c1d1e4$24cc4500$8fe3de9e@colwell>
From: "Steve & Claudette Colwell" <colwell@innercite.com>
To: "lancair list" <lancair.list@olsusa.com>
Subject: EAA Seeking Insurance Solutions
Date: Fri, 22 Mar 2002 12:57:12 -0800
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   EAA SEEKING ANSWERS TO HOMEBUILT AIRCRAFT INSURANCE CRUNCH


     Updated 3/20/02 6:45 p.m. - EAA is seeking answers and solutions for
its members after a recent moratorium on insurance for many types of
homebuilt aircraft. That moratorium is on new policies written under the =
EAA
Insurance Plan by Avemco Insurance Company. It was put in place after
reported losses in Avemco=92s homebuilt insurance business.
=93We are asking for data and answers to back up these reported losses,=94=
 EAA
President Tom Poberezny said. =93To leave large groups of homebuilt aircr=
aft
without coverage is simply unacceptable. It is absolutely essential that =
we
know if there are any problems with particular models of homebuilt aircra=
ft
and how that affects coverage for the entire homebuilt community.

=93When similar situations in insurance coverage have emerged in the past=
, EAA
has met the challenges to keep our members=92 aircraft flying. EAA is jus=
t as
committed now to finding solutions and securing coverage across the broad
spectrum of aircraft flown by our members.=94

The moratorium was suddenly announced little more than a week ago by Avem=
co.
Since that point, EAA staff members have been in continual contact with
Avemco representatives, requesting data and background, and will be meeti=
ng
with the company to find possible solutions to the situation.


http://www.eaa.org/communications/eaanews/020320_insurance.html
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