AVEMCO President Addresses Alaska Airmen’s Conference on Top 10 Aviation Insurance Myths

Anchorage, AK – Avemco Insurance Company President Jonathan “JJ” Greenway was a featured speaker at the 2012 Great Alaska Aviation Gathering, May 5-6, at the Anchorage International Airport. Greenway spoke about separating fact from fiction in his seminar “Top 10 Aviation Insurance Myths.”   “You know it’s possible to have too little aviation insurance but can you have too much?  Is it true your insurance company will refuse to pay a claim if you violate an FAR?  Of course you’re covered if you’re a named-pilot on a friend’s policy . . . or are you?  Those are the kind of questions most pilots think they know the answers to but may be surprised by some of the facts about aviation insurance coverages especially when flying in the conditions faced by Alaskan aviators,” said Greenway. During the Forum, Alaska aviators were provided with information about insuring their aviation activities that many did not realize were of value to them.   “Seeing that Alaskan pilots are interested in what an insurance company has to offer we are planning to offer future safety seminars and education presentations that will assist the Alaska general aviation community in gaining a better understanding of accident causes and what they can do to avoid them using general information gleaned from our claims statistics that would not otherwise be readily available” said Greenway.  The training will include data on combating Alaska’s takeoffs and landings incidence percentage which is generally known to be the highest in the US.   “Flying in Alaska is unique and it’s something that not everyone can do or understand right away.  We appreciate the fact that Alaskan pilots have terrain and weather condition issues like nowhere else and it’s important for them to be trained locally with Alaska-specific instruction — so our Safety Rewards Program recognizes that with our premium credits for locally approved training. We also understand that Alaska aircraft owners and pilots need to have coverage for off-airport landings, easy changes in coverage when transitioning to skis or floats and back to wheels, alternatives for liability-only coverages and specific non-owner “renter” policies.  At Avemco we have a lot of respect for that type of aviator andwe’ve been working for and with them for over 50 years now.   Alaska is a very important state to Avemco and we’re proud to work with and support Alaska’s aviation community,” continued Greenway.  JJ Greenway has over 14,000 hours, is an active CFI and former airline pilot and check airman. Prior to joining Avemco, he served as captain with American Airlines and more recently as the director of Safety for the AOPA Air Safety Institute.
The “Great Alaska Aviation Gathering” event was sponsored by the Alaska Airmen’s Association, features a tradeshow and forums for pilots flying in Alaska.  Over 20,000 were in attendance.
Avemco Insurance Company, a leading pleasure and business general aviation insurer in the United States, has been insuring planes and pilots since 1961. Headquartered in Frederick, Maryland, Avemco is rated AA (Very Strong) by Standard & Poor’s and A+ (Superior) by A. M. Best Company. Avemco has also earned prestigious recognition in the Anniversary BestMark Program by the A.M. Best Company.
The BestMark Program was created to distinguish insurance companies with at least a 25 year history of being rated A or higher. Avemco is a wholly owned subsidiary of HCC Insurance Holdings, Inc. (NYSE: HCC) a leading international specialty insurance group.

Source: Lauretta Godbey, Vice President of Marketing Avemco Insurance Company http://www.trade-a-plane.com/company-search?id=53636

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