Thursday, August 5, 2021

All Times are Eastern

Knowing and Mitigating the Risks of Entrusting Aircraft
10:00 AM - 11:00 AM

  • Robert Werderich - Illinois Aviation Academy, Inc.
  • Michael McGrory - SmithAmundsen, LLC

This session will address risks faced by any entity in the business of leasing or loaning aircraft to another. The speakers will discuss common and best operational practices for entities in the business of leasing aircraft, regulatory requirements and guidance, property damage and injuries that occur in the course of entrusting aircraft, the circumstances under which liability may attach to a business even though the business was not operating the aircraft at the time liability arose, contractual and operational ways to mitigate these risks, and the role of insurance in protecting against these risks.

“If the minimum wasn’t good enough, it wouldn’t be called the minimum”
How Flight Training Beyond the FAA Minimum Can Impact Underwriting & Claims

11:15 AM - 12:15 PM

  • Stuart Hope - Assured Partners
  • Doug Carmody - Executive Flight Training
  • Dave Garvey - Aviation Training Management
  • Jim Klepper – Fly Right Inc.

What are the benefits to your clients and why do underwriters often insist upon training above and beyond requirements of the FAA?

The act of piloting an aircraft involves fundamentally simple use of power and control inputs which are mastered by anyone who flies. The complexity of operating an aircraft safely is influenced by many factors from the unique characteristics of each model of aircraft, the management of specific equipment installed in each individual plane, to human factors including experience, decision making and even fatigue.

This session will focus on experience and the importance of training beyond the minimum required by the FAA. Additional aircraft type specific training can help the pilot master the equipment installed in the plane and the environment they fly in through focused practice and repetition of normal, abnormal, and emergency procedures.

The Appraisal Process, Diminution in Value & The Appraisal Clause
1:00 PM - 2:00 PM

  • Eric Weidner - McLarens General Aviation
  • Keith Bransky - Jet Appraisal Corporation
  • Stephen Wood - The Dyer Group, Inc.
  • April Robbins - Brackett & Ellis, P.C

The session is a three-part presentation that discusses the appraisal process, how diminution of value is derived and the appraisal clause from the lawyer’s perspective.

The first section will cover the appraisal process and diminution in value from the appraiser’s perspective: the general concept of diminution in value, the common factors that an appraiser must consider when developing an opinion on the diminution in value, and additional concepts and considerations for helicopters and transport category aircraft.

The second section will cover diminution in value from a market perspective, and how damage history varies between different classes of aircraft. The three classes of aircraft that will be discussed are airliners, general aviation turbine and general aviation piston.

Lastly, learn what the appraisal clause is and how and when it is invoked from the lawyer’s perspective. You’ll also hear about the job of the appraisers and umpires, the award, challenging the award and the attorney’s role in the appraisal process.

Factors Associated with Accidents in the Helicopter Emergency Medical Services: Challenges for the Insurance Industry
2:15 PM - 3:15 PM

  • Albert J. Boquet, Ph.D. - Embry-Riddle Aeronautical University

The Helicopter Emergency Medical Services (HEMS) industry has grown to occupy a large swath of the patient transport services landscape. Transportation by air is now routine in many parts of the country, not only for trauma transport, but also for the inter-hospital transport of critically ill patients. Unfortunately, this growth has been accompanied by an increase in the number of accidents associated with HEMS operations as well as significant loss of life and disability. Despite extensive efforts by the NTSB, the FAA, and private industry to address the high accident rate, little progress has been made towards making the industry safer. This talk will outline the challenges faced by HEMS operations and the implications to the insurance industry.

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