(Source: insurancejournal.com) State Farm insurance company is seeking federal approval to test drones in evaluating property damage and responding to natural disasters. The (Bloomington) Pantagraph reported that the Bloomington-based company has filed an application with the U.S. Department of Transportation. It asks for two exemptions to existing rules. One would … [Read more...] about State Farm Wants to Test Drones for Damage Response in Illinois
Insurance
White Paper Predicts Drones as Next Big Thing in Insurance
(Source: claimsjournal.com) Drones can provide a variety of benefits for property adjusters, according to a new white paper released by Cognizant last month. Specifically, insurers should consider drones in order to increase efficiency, reduce operational costs and improve customer service. The paper, Drones: The Insurance Industry’s Next Game Changer, suggests insurers … [Read more...] about White Paper Predicts Drones as Next Big Thing in Insurance
USAA Considers PrecisionHawk Drones During Disasters
(Source: Biz Journals) Insurance giant USAA is considering using a 5-pound PrecisionHawk drone to survey disasters. The San Antonio company has asked the Federal Aviation Administration for permission to research how the aerial robots could streamline the insurance claims process. The small unmanned aircraft systems, developed by Raleigh-based PrecisionHawk, would … [Read more...] about USAA Considers PrecisionHawk Drones During Disasters
Does Your Homeowner’s Insurance Cover Your Drone?
As a fun experiment, we decided to ask our insurance company if our homeowners insurance covered. This was our initial email: I just bought a $1200 drone for non-commercial use. Do I have liability insurance should my drone come down and injure someone (or damage property)? We received a few "I have to check with so-and-so responses" and got this response: [Name] had … [Read more...] about Does Your Homeowner’s Insurance Cover Your Drone?
Drone Use in the US Insurance Industry
The application of drones in the insurance industry is not nearly as flashy as their use in blockbuster movie productions or delivering beer to ice-fishermen, but industry experts believe that the idea of using drones to inspect damage is as feasible as it is practical. Its no secret that, in case of a natural disaster, property adjusters take months to evaluate and adjust … [Read more...] about Drone Use in the US Insurance Industry
