From the Copilot’s Seat
AMA'S INSURANCE
CLAIMS
By Randy Cameron, AMA Executive Vice President | flyrc@modelaircraft.org
Throughout the years, I have been asked on several occasions about insurance claims in general—how many, how much, etc. I feel it is interesting data to say the least, so I thought I would share it here. Following is a list of claims for the past 5 years. The 2021 calculations have not been completed at the time of this writing. Also note that claims in 2020 started to drop, and I expect that is because of the COVID-19 environment.
AMA Fire, Theft, and Vandalism Claim History
Five-Year Loss Summary
Year Total Claims AMA’s Insurance
Company Payment Fire Theft
2016 21 $8,986.31 40% 60%
2017 17 $12,900 45% 55%
2018 17 $14,441.06 60% 40%
2019 10 $8,150 58% 42%
2020 3 $2,900 100% 0%
Total 68 $47,377.37 Average payment per claim $696.72
AMA Medical Claim History
Five-Year Loss Summary
Year Total Claims AMA’s Insurance
Company Payment Highest Single
Claim Paid
2016 15 $14,707.89 $11,876.39
2017 9 $25,760.67 $25,000.00
2018 4 $28,343.29 $11,656.71
2019 5 $17,263.48 $15,884.55
2020 4 $2,857.59 $ 1,443.69
This information is available in the members-only documents on the AMA’s website. You have to be logged in to see it at www.modelaircraft.org/documents. Click “AMA Financial Information (Members Only)” for a list of documents that show financial status since 2001, and the last 5 years of insurance data.
Another interesting fact found there is the annual tax forms. If you look at those, you might notice that the AMA Executive Council (EC) is listed on the forms. Although I believe most of the EC members work way more than two hours a week, our pay is typically listed at $0, showing that we are all volunteers.
The third annual AMA National Fun Fly will be held June 24-26, 2022, at the International Aeromodeling Center in Muncie, Indiana. We are looking for volunteers to assist with the the event. We need help with flightline management, providing direction to people who are coming in, and general support as needed. Feel free to contact me at flyrc@modelaircraft.org if you are interested in volunteering.
