ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

AIG American International Group Inc

79.97
1.49 (1.90%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
American International Group Inc NYSE:AIG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  1.49 1.90% 79.97 80.13 78.80 79.11 4,696,274 01:00:00

Allstate's Drone Study Gets FAA Clearance

17/06/2015 5:40pm

Dow Jones News


American (NYSE:AIG)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more American Charts.

Allstate Corp. said a Federal Aviation Administration decision clears the way for the insurer to continue research into the use of drones, joining a series of other insurers that are testing unmanned aircraft as a way to inspect insurance claims.

In a news release Wednesday, Northbrook, Ill.-based Allstate said the consortium it has been working with—Property Drone Consortium—received an exemption from the FAA to research using drones to inspect property claims for everything from hail-damaged roofs to collapsed buildings to flooded neighborhoods.

Insurers have said drones will improve their ability to swiftly respond to claims from hurricanes, tornadoes and floods by providing aerial images of areas claims adjusters can't get to. They also see drones as a way to reduce injuries from risky roof inspections. However, insurers could be constrained by various FAA limits aimed at easing concerns about safety and the potential invasion of privacy.

The FAA has cleared a number of the nation's largest property insurers to use unmanned aircraft. In April, American International Group Inc. said that it received FAA approval to use drones to conduct inspections in the U.S. The FAA previously had approved State Farm Mutual Automobile Insurance Co. and United Services Automobile Association, or USAA, to test drones in the U.S.

Write to Tess Stynes at tess.stynes@wsj.com

Access Investor Kit for The Allstate Corp.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US0200021014

Access Investor Kit for American International Group, Inc.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US0268747849

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


1 Year American Chart

1 Year American Chart

1 Month American Chart

1 Month American Chart

Your Recent History

Delayed Upgrade Clock