<<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>>
          <<  Lancair Builders' Mail List  >>
          <<<<<<<<<<<<<<<<--->>>>>>>>>>>>>>>>
>>
   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’s homebuilt insurance business.
“We are asking for data and answers to back up these reported losses,” EAA
President Tom Poberezny said. “To leave large groups of homebuilt aircraft
without coverage is simply unacceptable. It is absolutely essential that we
know if there are any problems with particular models of homebuilt aircraft
and how that affects coverage for the entire homebuilt community.

“When similar situations in insurance coverage have emerged in the past, EAA
has met the challenges to keep our members’ aircraft flying. EAA is just as
committed now to finding solutions and securing coverage across the broad
spectrum of aircraft flown by our members.”

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


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

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
LML website:   http://members.olsusa.com/mkaye/maillist.html
LML Builders' Bookstore:   http://www.buildersbooks.com/lancair
Please remember that purchases from the Builders' Bookstore
assist with the management of the LML.

Please send your photos and drawings to marvkaye@olsusa.com.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>