2012 Aerobatics Canada Practice Day has been cancelled
Hi everybody, Unfortunately, due to circumstances beyond our control we have to cancel our Chapter 3 practice day in Tillsonburg on May 27th. The insurance provider that has binded us with coverage for the past decade or so has decided not to renew our policy with Aerobatics Canada. Here is a brief explination as to what's happend so far and why they will no longer cover us: As a direct result of and reaction to the September 16, 2011 catastrophic crash and multiple fatalities at the Reno Air Races the aviation insurance industry in general and our insurance carrier in particular have reassessed their exposure under all forms of "aviation event" insurance coverage. In the case of our carrier, they have decided at the corporate board level and announced that they will no longer insure such events. We, Aerobatics Canada, and our insurance agent, Bill Davidson of National Aviation Insurance Brokers, believe that the risks inherent in aerobatic competition are dramatically lower than those associated with air racing and that the insurance carrier is not distinguishing risk based on actual activities but rather lumping all special aviation events in together. We have prepared a presentation which Bill presented today to senior Allianz officers to demonstrate that our aerobatic competitions represent only very nominal risk (particularly as compared to low level unlimited air racing). We are currently is the process of figuring out what the next step will be. I would personally like to thank Brent Rogers and Bill Davidson for their time and effort dedicated to pursuing the insurance carriers directly. Over the past several days they've put together a comprehensive presentation outlining the the structure, safety elements and major diffrences between Aerobatics Canada events and what happened at Reno. So far, the 2012 contest is still a go. We will develop a plan as soon as we have more information with regards to the decisions made by the insurance carrier.