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Roots Firmly Planted in the SkyIn 1928, two World War I aviators – Reed M. Chambers and David C. Beebe – saw the need for an insurance company that truly understood aviation. On July 1 that year, they founded the United States Aircraft Insurance Group and an underwriting company to manage it – U.S. Aviation Underwriters Inc.
Chambers (1894-1972) was one of America's first aviation aces. His heroism earned him a number of citations during the Great War, including the Distinguished Service Cross with three Oak Leaf Clusters, the French Legion of Honor and the Croix de Guerre.
Nine Decades of InnovationThrough 90 years of aviation insurance leadership, USAIG has provided private, corporate and commercial segments of the aerospace industry with the broad range of coverage required to ensure stability, progress and growth.
We partner with the industry's prominent individuals and organizations to enhance aviation safety and we have developed insurance programs that made it possible to launch many of the world's most important aircraft and space vehicles.
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1928USAIG co-founder Reed M. Chambers, second from right, with other officers of the famous 94th "Hat-in-the-Ring" Squadron, led by Captain Eddie Rickenbacker (third from left). This combat team was largely responsible for crippling the "Flying Circus" of Captain Manfred von Richthofen (the Red Baron) and hastening the conclusion of World War I.
1929September 24, insures Lieutenant James (Jimmy) Doolittle's blind flight, during which he proves that advanced avionics make it possible for pilots to safely land in fog. This paves the way for instrument flights, ultimately saving countless lives.
1937Handles all claims involving American citizens injured or killed when the German-built Hindenburg crashes at Lakehurst, New Jersey. At the time it is the worst airship accident in history.
1937Forms Canadian Aircraft Insurance Group, extending aviation coverage to Canadian-based operators.
1952Provides coverage for the first flight of the prototype Boeing B-52 heavy bomber - an effective, groundbreaking aircraft still providing reliable service more than half a century later.
1954Provides coverage for prototype Boeing 707 jet airliner. The aircraft model goes on to become one of the first successful commercial airliners.
1965Designs and implements the first insurance policy for an international communications satellite - the COMSAT "Early Bird."
1969Designs first vertical form of hull and liability insurance, making it possible to insure the new generation of wide-body jets.
1969Forms "GO" team for onsite claims handling of major airline disasters anywhere in the world.
1969Provides product liability coverage for Grumman Corporation's Lunar Excursion Module.
1970Jan. 22, Insures first commercial flight of the Boeing 747. The $23 million aircraft, christened "Clipper Young America," carries a crew of 20 and 332 passengers from JFK International to London.
1977Handles all claims resulting from collision of KLM 747 and Pan Am 747 above Tenerife, Canary Islands. Aviation's worst disaster claimed the lives of 580 passengers and crew members.
1978Issues aviation insurance industry's first plain-language policy. "All Clear 360" policy also expands coverage available to owners/operators of general aviation aircraft.
1983Becomes first aviation insurance organization to receive the FAA's Distinguished Service Award, recognizing contributions to aviation safety.
1984Spearheads safe fueling program for general aviation industry by reimbursing policyholders for costs of installing jet fuel lockout devices.
1990Establishes Safety & Engineering Department to help corporate and commercial policyholders improve all aspects of their flight department operations.
1994Cosponsors modern-day recreation of 1919 flight of Vickers Vimy from Farnborough, England, to Darwin, Australia. Original flight demonstrated viability of long-distance travel.
1997Distributes Safety Bucks to Bell and American Eurocopter to help pay for annual recurrent training costs of helicopter pilots and maintenance personnel.
1998Partners in introducing General Aviation Superstore. Breakthrough computer technology provides owners of small aircraft with 5-minute insurance quotations and same-day policy issuing.
2000Partners with AOPA Air Safety Foundation to produce more than 100,000 safety booklets to owners/operators of the most popular general aviation airplanes, including the Cessna172 series and the Piper Pa-28 series.
2003Celebrates 75 years of dedicated service.
2007Creates Customer Advisory Council to ensure that the concerns of brokers, producers, aviation insurance specialists and policyholders are heard.
2007Introduces and makes available Family Assistance Coverage to the General Aviation market. This coverage further expands the comprehensive coverage afforded by the USAIG 360 All Clear policy and is another industry first for USAIG.
2009Expands international reach and insurance product offerings when Inter Hannover/Hannover Re joins USAIG International Aviation Group. The group begins operation on June 1.
2009Joins with AOPA Air Safety Institute to produce a quarterly newsletter offering a collection of safety topics ranging from aircraft technologies to accident statistics to physiology. The publication, Premium on Safety, is distributed to more than 12,000 USAIG customers worldwide.
2011Debuts Performance Vector, a suite of web-based individual safety training programs and department-wide safety webinars, designed to help aviation organizations remain on the leading edge of current safety trends.
2013Rolls out a new, full-featured Workers' Compensation insurance package - Aerocomp™ by USAIG - designed specifically to address the needs of aviation operators, including both commercial and business operations.
2013Introduces Performance Vector PLUS, an individual good experience program that returns a significant percentage of premium to business aviation operators who avoid losses while meeting meaningful safety standards.
2015Issued first small Unmanned Aircraft Systems (sUAS) policy.
2018Celebrates 90 years of leadership and innovation.
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