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April 23, 2009

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Flight Design's CTSW is among the 13 designs that are to receive more favorable insurance ratings from Avemco.
Avemco Reduces SLSA Rates, Continues to Push Amateur-Built Biz

Avemco Insurance's Jim Lauerman announced in April that 13 models of Special Light Sport Aircraft have been granted a reduction in rates. These models have been moved up one step to a more favorable rating because, Lauerman says, the fleet has seen an improved safety record. Moreover, the company has seen support--including the availability of repair materials and expertise--improve as well, which further helps reduce the loss rate.

The designs currently on the most favorable rate status include the American Legend Cub; Cub Crafters Sport Cub and Super Sport Cub; Flight Design CTLS, CTSW and MC; FPNA Valor A-22; Jabiru J170, J230 and J250; Remos G-3 and GX; and Technam P2002, P2004, P92 and P92S.

In addition, Avemco continues to field insurance for Experimental/Amateur-Built designs. "We do more of that business than many people think," says Lauerman.

Other Avemco news: At Sun 'n Fun, the company was recognized by the A.M. Best Company for having an A rating or better for 25 consecutive years.

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