Finally a reason to talk about drones in fintech. The FAA has granted AIG, State Farm and USAA approval to use unmanned aircraft to do inspections. The insurers said drones will help them inspect areas that are difficult for people to access. Drones have the ability to help insurers swiftly respond to claims from hurricanes, tornadoes and floods by providing aerial images of areas claims adjusters can’t get to. They also see drones as a way to reduce injuries from risky roof inspections.
American International Group Inc. said Wednesday that it received approval from the Federal Aviation Administration to use drones to conduct inspections in the U.S. The FAA previously had approved State Farm Mutual Automobile Insurance Co. and United Services Automobile Association, or USAA, to test drones in the U.S. USAA said Wednesday that it believed a recent federal policy change would allow it to inspect a catastrophe site as early as this week if needed. An FAA spokeswoman didn’t dispute the USAA’s interpretation. But insurers could be constrained by various FAA limits aimed at easing concerns about safety and the potential invasion of privacy. For instance, the three approved insurers can fly drones over private or “controlled-access” property only with permission from the owner or other authorized party,