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Aviation Insurance
Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance. History Aviation Insurance was first introduced in the early years of the 20th century. The first-ever aviation insurance policy was written by Lloyd's of London in 1911. The company stopped writing aviation policies in 1912 after bad weather at an air meet caused crashes, and ultimately losses, on those first policies. The first aviation policies were underwritten by the marine insurance underwriting community. The first specialist aviation insurers emerged in 1924. In 1929, the Warsaw Convention was signed. The convention was an agreement to establish terms, conditions, and limitations of liability for carriage by air; this was the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 307 In Elliott Bay
The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the third-largest defense contractor in the world based on 2020 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is included in the Dow Jones Industrial Average. Boeing is incorporated in Delaware. Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916. The present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Then chairman and CEO of Boeing, Philip M. Condit, assumed those roles in the combined company, while Harry Stonecipher, former CEO of McDonnell Douglas, became president and COO. The Boeing Company's corporate headquarters is in Chicago, Illi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation
Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' includes fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air craft such as hot air balloons and airships. Aviation began in the 18th century with the development of the hot air balloon, an apparatus capable of atmospheric displacement through buoyancy. Some of the most significant advancements in aviation technology came with the controlled gliding flying of Otto Lilienthal in 1896; then a large step in significance came with the construction of the first powered airplane by the Wright brothers in the early 1900s. Since that time, aviation has been technologically revolutionized by the introduction of the jet which permitted a major form of transport throughout the world. Etymology The word ''aviation'' was coined by the French writer and former naval officer Gabriel La Landelle in 1863. He derived the term from the v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd's Of London
Lloyd's of London, generally known simply as Lloyd's, is an insurance and reinsurance market located in London, England. Unlike most of its competitors in the industry, it is not an insurance company; rather, Lloyd's is a corporate body governed by the Lloyd's Act 1871 and subsequent Acts of Parliament. It operates as a partially-mutualised marketplace within which multiple financial backers, grouped in syndicates, come together to pool and spread risk. These underwriters, or "members", are a collection of both corporations and private individuals, the latter being traditionally known as "Names". The business underwritten at Lloyd's is predominantly general insurance and reinsurance, although a small number of syndicates write term life insurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee house on Tower Street in 1688. Today, it has a dedicated building on Lime Street which is Grade I listed. Traditionally business is tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Underwriting
Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issues of security in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. History The term "underwriting" derives from the Lloyd's of London insurance market. Financial backers (or risk takers), who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose. Securities underwriting In the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warsaw Convention
The Convention for the Unification of certain rules relating to international carriage by air, commonly known as the Warsaw Convention, is an international convention which regulates liability for international carriage of persons, luggage, or goods performed by aircraft for reward. Originally signed in 1929 in Warsaw (hence the name), it was amended in 1955 at The Hague, Netherlands, and in 1971 in Guatemala City, Guatemala. United States courts have held that, at least for some purposes, the Warsaw Convention is a different instrument from the Warsaw Convention as amended by the Hague Protocol. The Montreal Convention, signed in 1999, replaced the Warsaw Convention system in countries ratifying it. History On 17 August 1923, the French government proposed the convening of a diplomatic conference In November 1923 for the purpose of concluding a convention relating to liability in international carriage by air. The conference was formally deferred on two occasions due to relu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plane Crash Into Hudson River Muchcropped
Plane(s) most often refers to: * Aero- or airplane, a powered, fixed-wing aircraft * Plane (geometry), a flat, 2-dimensional surface Plane or planes may also refer to: Biology * Plane (tree) or ''Platanus'', wetland native plant * ''Planes'' (genus), marsh crabs in Grapsidae * ''Bindahara phocides'', the plane butterfly of Asia Maritime transport * Planing (boat), where weight is predominantly supported by hydrodynamic lift * ''Plane'' (wherry), a Norfolk canal boat, in use 1931–1949 Music *"Planes", a 1976 song by Colin Blunstone *"Planes (Experimental Aircraft)", a 1989 song by Jefferson Airplane from ''Jefferson Airplane'' *"Planez", originally "Planes", a 2015 song by Jeremih *"The Plane", a 1987 song on the ''Empire of the Sun'' soundtrack *"The Plane", a 1997 song by Kinito Méndez Other entertainment * Plane (''Dungeons & Dragons''), any fictional realm of the D&D roleplaying game's multiverse * ''Planes'' (film), a 2013 animation **'' Planes: Fire & Rescue'', ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation Accidents And Incidents
An aviation accident is defined by the Convention on International Civil Aviation Annex 13 as an occurrence associated with the operation of an aircraft, which takes place from the time any person boards the aircraft with the ''intention of flight'' until all such persons have disembarked, and in which a) a person is fatally or seriously injured, b) the aircraft sustains significant damage or structural failure, or c) the aircraft goes missing or becomes completely inaccessible. Annex 13 defines an aviation incident as an occurrence, other than an accident, associated with the operation of an aircraft that affects or could affect the safety of operation. A hull loss occurs if an aircraft is damaged beyond repair, lost, or becomes completely inaccessible. The first fatal aviation accident was the crash of a Rozière balloon near Wimereux, France, on June 15, 1785, killing the balloon's inventor, Jean-François Pilâtre de Rozier, and the other occupant, Pierre Romain. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance Fraud
Insurance fraud is any act committed to defraud an insurance process. It occurs when a claimant attempts to obtain some benefit or advantage they are not entitled to, or when an insurer knowingly denies some benefit that is due. According to the United States Federal Bureau of Investigation, the most common schemes include premium diversion, fee churning, asset diversion, and workers compensation fraud. Perpetrators in the schemes can be insurance company employees or claimants. False insurance claims are insurance claims filed with the fraudulent intention towards an insurance provider. Insurance fraud has existed since the beginning of insurance as a commercial enterprise.Manes, Alfred. "Insurance Crimes." p. 34. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pacific Air Lines Flight 773
Pacific Air Lines Flight 773 was a Fairchild F27A Friendship airliner that crashed on May 7, 1964, near Danville, California, a suburb east of Oakland. The Thursday morning crash was most likely the first instance in the United States of an airliner's pilots being shot by a passenger as part of a mass murder–suicide. Francisco Paula Gonzales, 27, shot both pilots before turning the gun on himself, causing the plane to crash, killing all 44 aboard. , the crash of Flight 773 remains the worst incident of mass murder in modern California history, one death more than the subsequent Pacific Southwest Airlines Flight 1771 hijacking in 1987. Events preceding the flight Francisco Gonzales, a warehouse worker living in San Francisco, had been "disturbed and depressed" over marital and financial difficulties in the months preceding the crash. Gonzales was deeply in debt and nearly half of his income was committed to loan repayment, and he had informed both relatives and friends t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Continental Airlines Flight 11
Continental Airlines Flight 11, registration N70775, was a Boeing 707 aircraft which exploded in the vicinity of Centerville, Iowa, while en route from O'Hare Airport, Chicago, Illinois, to Kansas City, Missouri, on May 22, 1962. The aircraft crashed in a clover field near Unionville, in Putnam County, Missouri, killing all 45 crew and passengers on board. The investigation determined the cause of the crash was a suicide bombing committed as insurance fraud. Crash The perpetrator, Thomas G. Doty, arrived at the gate just moments before departure. Flight 11 departed O'Hare at 8:35 p.m. The flight crew consisted of Captain Fred R. Gray (50), First Officer Edward J. Sullivan (41), Flight Engineer Roger D. "Jack" Allen (32), and five flight attendants. The flight was routine until just before the Mississippi River when it deviated from its filed flight plan to the north to avoid a line of thunderstorms. In the vicinity of Centerville, Iowa, the radar image of the aircraft dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Owners And Pilots Association
The Canadian Owners and Pilots Association (COPA) (french: Association canadienne des pilotes et propriétaires d'aéronefs) is a federally registered not-for-profit association that provides information and advocacy services for Canadian pilots who fly for non-commercial purposes. COPA has close to 15,000 members which ranks it as the largest aviation association of any kind in Canada. Its mission is to "Advance, promote and preserve the Canadian freedom to fly". Its members represent about 50% of all private and commercial pilots in the country. History COPA was formed in 1952 by Ottawa aviators Margaret Carson and John Bogie. They saw the need for an organization to represent the interests of private pilots to the government of Canada. Their model was the US-based Aircraft Owners and Pilots Association (AOPA) which had been formed 13 years earlier in 1939. After meeting with AOPA principals and receiving encouragement from them, COPA was set up with headquarters in Carson ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
