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January 2010      


Sent to you courtesy of:

Aircraft Builders Council, Inc.
(952) 928-4662
info@aircraftbuilders.com

   
  • President's Message


  • ABC Brokers Committee News


  • Mendes Legal Update: Federal Office Jurisdiction: Aviation Manufacturers' Unique Advantage When Bidding To Remove State Complaints to Federal Court


  • ABC Webinar Scheduled for February 3


  • ABC Launches New "Application" Section on Website


  • ABC 2010 Conference Being Held in September


  • Space - expanding the frontiers of risk


  • Risk Managers Found To Struggle With Supply Chain Risk


  • U.S. Exports are Booming – Be Part of It!


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    ABC News
    President's Message
    David H. McClain, ABC President

    The ABC Board of Trustees would like to extend special thanks to Cooper Gay, Mendes & Mount, our administrative staff, and all of the ABC insureds, brokers and underwriters who helped make 2009 another very successful year for the program, despite the difficult economic conditions. Our Fall Conference in Indian Wells, California, received much better than expected attendance and outstanding feedback from attendees. Please mark your calendars for the 2010 Fall Conference, September 19-21 at The Renaissance Vinoy Resort in St. Petersburg, Florida (for information, see http://www.aircraftbuilders.com/conference.html).


    ABC Brokers Committee News
    ABC Brokers Committee

    The continuing financial pressure on the airline industry has unfortunately coincided with a hardening in market conditions in the aviation insurance sector. This follows substantial losses in 2009 on the back of poor underwriting results for the previous two years.


    Mendes Legal Update: Federal Office Jurisdiction: Aviation Manufacturers' Unique Advantage When Bidding To Remove State Complaints to Federal Court
    Christopher Hickey, Mendes & Mount, LLP
    This article by Christopher Hickey provides an overview of why aviation product defendants will benefit greatly from being in federal, as opposed to, state court. Click on the "read more" link below for the full article.

    ABC Webinar Scheduled for February 3
    Aircraft Builders Council, Inc.

    On February 3, the Aircraft Builders Council, Inc. will present a webinar on the Aircraft Builders Council Insurance Program, entitled The ABC's of Aviation Liability.


    ABC Launches New "Application" Section on Website
    Aircraft Builders Council, Inc.

    In order to provide better service to Aircraft Builders Council, Inc. potential insureds, ABC has launched a new tab on its website that features easy-to-access PDF application forms for download.


    ABC 2010 Conference Being Held in September
    Aircraft Builders Council, Inc.

    The 2010 Aircraft Builders Council Annual Conference will take place September 19-21 at The Renaissance Vinoy Resort and Golf Club in St. Petersburg, Florida. John Heimlich, Chief Economist with Air Transport Association of America (ATA), is one of the distinguished speakers currently in the line-up, and this conference is sure to prove both educational and informative.


    More Industry News
    Space - expanding the frontiers of risk
    Lloyd's

    When an 84kg lump of metal was shot into space in 1957, few predicted how satellites would revolutionise our world. Since Sputnik entered orbit and its first crackly signal beeps were picked up back on earth, we have come to rely on satellites for what we see and how we communicate – and even for what the weather will be like.


    Risk Managers Found To Struggle With Supply Chain Risk
    National Underwriter Company
    Risk management executives know that protecting their company’s supply-chain is important, but many fail to properly manage the risk to it, according to a recent survey.

    U.S. Exports are Booming – Be Part of It!
    The National Alliance for Insurance, Education & Research
    “Trenton Makes, The World Takes” is the well lit message on a Trenton New Jersey bridge. The huge red letters remind riders on passing Amtrak trains on the role of industry in Trenton.