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When I first started my business in 1988, I vividly remember spending several sleepless nights because I had to purchase a laser printer with a price tag of $2,000! A year or so after that I agonized over whether to buy a fax machine. After the fax machine arrived the floodgates opened. The next purchase […]

The key to understanding aviation insurancecosts is the term “loss ratio (LR).” The LR is the ratio of money paid out inclaims, compared to the money taken in through insurance premiums. The loss ratio ingeneral aviation insurance has exceeded 1.1 to as much as 1.25 or more for the lastseveral years. This means that most […]

At the insurance agency where I work, we talk with hundreds offellow pilots every week about aviation and insurance. I am amazed at the number of pilotsthat do not know whether or not their life insurance covers them if they die in a generalaviation accident. Do you? For example, many employers provide group term life […]

The contrast was remarkable. Formonths I had been canvassing the airline personnel departments, making phone calls andpersonal visits — with no luck. Of the dozen airlines I had been following up on weekly,none would give me the time of day. Only one had even acknowledged receipt of myapplication. But as soon as I was invited […]

Let’s take a little time off from the hardcore technical stuff, and have a little fun. One of my favorite stories involves a pig, but first, allow me to set the stage, jump up and down on my soapbox, rave a little, then tell the story. From 1963 through 1968, I had the incredible honor […]

Insurance can be one of the most expensive elements in the fixedcost of owning an aircraft. It can be, but it doesn’t always have to be. Before we go further into the cost issues, I should caution that the least expensiveisn’t always the best choice. Aircraft insurance is not heavily regulated, except in ageneral way. […]

Why do pilots pay more for life insurance? Why? Ever sit down and study an Insurance Mortality Table? Probably not. Well,unfortunately for pilots, the folks who set and approve insurance rates (they’re calledactuaries and underwriters) rarely pilot aircraft. If they did, they’d understand that pilots in general are pretty good risks. They’dunderstand that pilots as […]

EXCELSIOR SPRINGS, Missouri — From where Dennis Fetters sits, it’s frustratingto try to deliver a low-cost, relatively simple kit helicopter only to have people getupset when problems arise, as they have been wont to do this year on the Mini-500helicopter kits his company, RevolutionHelicopter Corp., manufactures. “We work hard to put together the most-affordablehelicopter kit […]