Aircraft Insurance

Nine years ago Mr. W. G. Comes of the Travelers Insurance Co. addressed this Society on the subject of aircraft insurance. His paper was such a complete outline of the field and indicated such a sound view of the future that I am tempted to confine my remarks to bringing it up to date. In 1919 his statement was correct that the field for aviation insurance was yet to be developed. That is not true today. Even the most conservative in our midst believe that we are past the threshold of the aerial age. The yearly increase since 1925 in airplane production, airway mileage, safe airports and landing fields and mileage flown has been marked. For every airplane produced then there are now four produced; for every mile of airway there are now two; for every airport there are now five; where there was one landing field there are two; and for every mile flown there are now five miles. Still more to the point is the fact that many things indicate a continuance and even a rapid acceleration of this development.