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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 firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boeing 307 In Elliott Bay
The Boeing Company, or simply Boeing (), is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and missiles worldwide. The company also provides leasing and product support services. Boeing is among the largest global aerospace manufacturers; it is the fourth-largest defense contractor in the world based on 2022 revenue and is the largest exporter in the United States by dollar value. Boeing was founded by William E. 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. As of 2023, the Boeing Company's corporate headquarters is located in the Crystal City neighborhood of Arlington County, Virginia. The company is organized into three primary divisions: Boeing Commercial Airplanes (BCA), Boeing Defense, Space & Security (BDS), and Boeing Global Services (BGS). In 2021, Boeing recorded $62.3billion in sales. Boei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation
Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' include fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air aircraft 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. Clément Ader built the "Ader Éole" in France and made an uncontrolled, powered hop in 1890. This was the first powered aircraft, although it did not achieve controlled flight. Some of the most significant advancements in aviation technology came with the controlled gliding flying of Otto Lilienthal in 1896. A major leap followed with the construction of the '' Wright Flyer'', 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 engine which enabl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd's Of London
Lloyd's of London, generally known simply as Lloyd's, is a 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", include both corporations and private individuals, the latter being traditionally known as "Names". The business underwritten at Lloyd's is predominantly general insurance and reinsurance, with a small amount of term life insurance. The market has its roots in marine insurance and was founded by Edward Lloyd at his coffee-house on Tower Street 1689, making it one of the oldest insurance companies in the world. Today, it has a dedicated building on Lime Street, a Grade I historic landmar ... [...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 ... [...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 r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plane Crash Into Hudson River Muchcropped
Plane most often refers to: * Aero- or airplane, a powered, fixed-wing aircraft * Plane (geometry), a flat, 2-dimensional surface * Plane (mathematics), generalizations of a geometrical plane 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 * ''Pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation Accidents And Incidents
An aviation accident is an event during aircraft operation that results serious injury, death, or significant destruction. An aviation incident is any operating event that compromises safety but does not escalate into an aviation accident. Preventing both accidents and incidents is the primary goal of aviation safety. One of the earliest recorded aviation accidents occurred on May 10, 1785, when a hot air balloon crashed in Tullamore, County Offaly, Ireland. The resulting fire seriously damaged the town, destroying over 130 homes. The first accident involving a powered aircraft occurred on September 17, 1908, when a Wright Model A crashed at Fort Myer, Virginia, USA. The pilot and co-inventor, Orville Wright, was injured, and the passenger, Signal Corps Lieutenant Thomas Selfridge, was killed. Definitions According to Annex 13 of the Convention on International Civil Aviation, an aviation accident is an occurrence associated with the operation of an aircraft, which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Owners And Pilots Association
The Canadian Owners and Pilots Association (COPA) () 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 13,000 members from every province and territory in Canada. The organization's 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 based on 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's garage. As the association grew, they hired their first paid employees and moved int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviation Risks
Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' include fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air aircraft 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. Clément Ader built the "Ader Éole" in France and made an uncontrolled, powered hop in 1890. This was the first powered aircraft, although it did not achieve controlled flight. Some of the most significant advancements in aviation technology came with the controlled gliding flying of Otto Lilienthal in 1896. A major leap followed with the construction of the ''Wright Flyer'', 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 engine which enabled aviation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
