Leading Drone Insurance Broker Speaks On The Potential For Increased Rates

A Rapid Influx Of New Drone Technologies Combined With An Exponential Increase In Drone Operations Throughout America's Skies May Lead To Increased Losses Which Will Case Drone Insurance Rates To Spike

Corona, CA Release:

October 7th, 2020.

A local California startup has announced that they have developed software that would allow drones to monitor COVID-19 compliance. BWI Aviation Insurance owner Matt White highlights the impact on the drone insurance marketwith a rapid influx of new technologies and operations

For Immediate Release

It is often said that for every action, there is an equal and opposite reaction. Whereas Isaac Newton wrote that law for use in the world of Physics, it has equal applications in other fields. Alocal California startup has announced that they have developed software that will allow drones to monitor social distancing and mask mandate compliance. Whereas many might view this as an additional tool in the fight against COVID-19, BWI Aviation owner Matt White warns that new drone technologies combined with an exponential increase in drone operations could cause a spike in drone industries losses which in turn, will increase drone insurance rates

In a detailed writing on the BWI blog, White warned that increased losses could drive up drone insurance rates. “There is a correlation between new aviation products and technologies and an influx in operations could increase aviation losses as bugs and other issues are worked out.”

“We’ve been in the insurance industry for over 40-years, and with the changing effects of COVID-19 and rapid drone technological advancements, this is a whole new world we are seeing emerging” said White.

About BWI Aviation Insurance

BWI has been at the forefront of the aviation insurance industry since 1977. Family and veteran-owned, BWI sources aviation insurance solutions for every range of aircraft from gliders, fixed wing, jet aircraft, drones and more. Headquartered in Corona, CA, BWI locates coverage for aircraft owners nationwide along with a satellite office based in Anchorage, AK.

Contact Info:

Name: Matt White

Email: Matt.White@bwifly.com

Organization: BWI Aviation Insurance

Address: 710 Rimpau Ave Suite 203, Corona, CA 92879, United States

Phone: +1-800-666-4359

Website: https://bwifly.com

Release ID: 88980136