Mike Wills wrote:
Anyone else see this on Avweb today:
AVEMCO'S INSURANCE POLICY
The EAA is hoping to provide some input to Avemco, its insurance
partner, after the carrier decided to stop issuing policies for certain
high-performance homebuilts. Velocities, Glasairs, LongEZs and RVs
represent some of the very popular aircraft on the list. Avemco said
it's losing money insuring homebuilts. The announcement clearly took
the EAA by surprise and President Tom Poberezny said in a press release
Wednesday, "We are asking for data and answers to back up these
reported losses." EAA sees the loss of insurance for this potential
multitude of machines as "simply unacceptable."
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