According to the Federal Aviation Administration, 2.85 million small drones could fill the sky by 2022, and 450,000 of them will be used for commercial purposes.
With a multitude of market opportunities, drones are providing insurers with capabilities that were never before thought possible — but in addition to the benefits, drones are also presenting insurers with a number of potential risks and exposures. The Claims and Litigation Management Alliance has identified privacy, property, and bodily injury as key issues for insurers, along with growing concerns over technology risks.
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