A Da-Jiang Innovations Science and Technology Co. (DJI) Phantom drone is flown during a property inspection following Hurricane Harvey in Houston. (Photo: Luke Sharrett/Bloomberg)
The Federal Aviation Administration's Feb. 13th announcement regarding proposed new regulations for using commercial drones — also known as unmanned aerial systems (UAS) or unmanned aerial vehicles (UAV) — is an important development for property & casualty insurance companies as the industry is among the top users of commercial drones, according to the FAA's aerospace forecast for fiscal years 2018-2038.
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