Insurance and Risk Manangement Committee News

 

 Aviation War Risk Insurance Program Launched

The Federal Aviation Administration (FAA) Aviation Insurance Program provides products that address the insurance needs of the U.S. domestic airline industry not adequately met by the commercial insurance market. Currently, the FAA is providing war risk hull loss and passenger, crew, and third-party liability insurance.

 

View more information on this program.


Terrorism Risk Insurance Program Expires

On Dec. 22, 2005, President Bush signed into law the Terrorism Risk Insurance Extension Act of 2005, which extends TRIA through Dec. 31, 2007. The law extends the temporary federal Terrorism Insurance Program that provides for a transparent system of shared public and private compensation for insured losses resulting from acts of terrorism.

 

View more information on this program, including announcements of all rulemakings, interpretive guidance, and requests for public comments.


Safety Management Systems Detects Safety Flaws for Airport Operators

The application of a systematic, proactive, and well-defined safety program allows an organization producing a product or service to strike a realistic and efficient balance between safety and production.

The forecast growth in air transportation will require new measures and a greater effort from all aviation producers—including airport operators—to achieve a continuing improvement in the level of aviation safety. The use of Safety Management Systems (SMS) at airports can contribute to this effort by increasing the likelihood that operators will detect and correct safety problems before those problems result in an aircraft accident or incident.

The FAA supports harmonization of international standards and has worked to make U.S. aviation safety regulations consistent with ICAO standards and recommended practices.


View more information on Safety Management Systems.

 

 

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