Insurance Stories January 8

State Farm is the first company in the U.S. that has been granted a waiver by the Federal Aviation Administration (FAA) to conduct drone operations over people (OOP) and flights beyond the pilot’s visual line of sight (BVLOS) for catastrophic assessments through November 2022. Previously, State Farm was only allowed to use drones for damage assessment for short periods in specific areas that were impacted by hurricanes.

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Insurance Stories October 3, 2018

Kittyhawk raises $3 million to expand drone operations for insurance companies

Kittyhawk raises $3 million to expand the company’s commercial drone operations for insurance inspections. The funding round was led by strategic investor Travelers, a home and property insurance company. After hurricane Matthew, a storm that killed 25 people in North and South Carolina and resulted in $10 billion worth of damage, Travelers began using Kittyhawk. Today the insurance company uses more than 600 insurance agents who are also FAA licensed drone pilots.

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