suasnews.comTo summarize, the insured changed the number on the aircraft to the FAxxxxx registration number then verified coverage of multiple aircraft to their customers under the same Certificate of Insurance. The insurance company was unknowingly insuring and verifying coverage on at least two aircraft in exchange for the premium of a single aircraft.Imagine for a moment the chaos that would ensue if every aircraft was issued the same N registration number. Or worse, every automobile has the same License Tag number and with no indication of which state it was domiciled in. Well that is precisely what’s happening with UAS today.

Imagine for a moment the chaos that would ensue if every aircraft was issued the same N registration number. Or worse, every automobile has the same License Tag number and with no indication of which state it was domiciled in. Well that is precisely what’s happening with UAS today.

The insurance industry is now making an effort to explain this to the FAA and offering their expertise in assisting with a factual risk-based analysis of the true exposure represented by small and micro UAS. Hopefully they will have that opportunity to participate and help the FAA move forward on a fact-based system rather than an interest-based system.

A fascinating tale from inside the brokerage of a slippery client, a persnickety client and a bunch of insurance guys who woke up to “Money For Nothing.” It is remarkable that the FAA, which created N numbers to facilitate international travel by US planes so thoroughly missed the point. If you enjoy whodunit’s you’ll like this one.

Another good article by Terry on the topic here.

Read more at sUAS news

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