Clyde & Co in the Press - Drones

Clyde & Co in the Press - Drones

Clyde & Co in the Press: Drones

2

The Age Logan abuzz as the ‘drone delivery capital of the world’ Speaking to the newspaper, Tony Tarr commented he was not surprised Wing had found success in using Logan as a testbed for its technology. “It makes sense if you want to test a new activity to do so in an environment where there’s less susceptibility to noise complaints and other issues that could manifest in a high-density location. I think, ultimately, the more challenging blueprint would be something like downtown Melbourne or Sydney, operating in an environment where you’re in much closer proximity to people and buildings.” Tony said a key issue for government going forward would be to ensure regulations kept up with the technology. “The regulators should look – especially if you’re developing delivery services into high-density population areas – that mandatory third-party insurance should be in place.”

The Australian Financial Review Drones and flying cars ‘going gangbusters’ but who pays for accidents? “In Europe and in Australia, the number of rooftops that have been purchased with a view towards providing landing sites for these sorts of transport vehicles is going gangbusters,” said Tony Tarr. Clyde & Co argues that it is not unreasonable that operators of flying vehicles should be required to carry liability insurance to ensure the public has access to compensation for death, injury or property damage if accidents happen. “If you’re talking about an aerial taxi, why wouldn’t you treat that in the same way [as driverless cars] if it’s above ground, and it’s carrying people and can cause harm?” Tony said.

Insurance Business Australia Insurance concerns hover over plans to launch flying taxis and drones With more drones and flying taxis set to launch in Australia soon, Clyde & Co has stressed that insurance concerns need to be ironed out before accidents happen, writes the publication, quoting Tony Tarr who said Australia was still behind other countries regarding introducing regulations and insurance arrangements for drones and flying vehicles, including rules governing drones and flying taxis when thousands hover over densely populated cities and towns.

TradeWinds Shipping’s use of drones could pose legal risk, expert claims Legislation has yet to catch up with developments and it remains unclear what recourse to insurance coverage is available when it comes to damage caused by drones, Maurice Thompson told TradeWinds. “One of the greatest juxtapositions in risk profiles consequent on the increased usage of drones can be seen in the maritime sector, where users, operators, and regulators are faced with the potential for the effective collision between national and international laws that relate to the aviation sector and national and international laws that apply in respect of the maritime sector,” Maurice said. “To date, this reality has not been fully appreciated by the respective national and international organisations that regulate or seek to represent the aviation and maritime sectors.”

3

Insurance Day Regulatory uncertainty is the main obstacle to drone insurance market development While novel uses for unmanned aerial vehicles are being found all the time, the regulatory framework for drone operation is struggling to keep pace, comment Maurice Thompson and Tony Tarr in the publication.

Today’s General Counsel Regulatory Confusion; Drone Insurance Stalled An uncertain regulatory framework is hindering the development of needed insurance products in a rapidly expanding drone market, the publication says quoting Clyde & Co.

Shipping Australia Annual Review 2021 Drones / UAV are revolutionising the way we do business across the maritime sector One of the greatest juxtapositions in risk profiles consequent on the advent of the increased usage of drones/UAV can be seen in the maritime sector, writes Maurice Thompson in the publication. There are many implications that will need to be addressed and the issues are complex and wide ranging, says Maurice.

UAS Vision Regulatory Uncertainty Main Obstacle to Development of Drone Insurance Market

While novel uses for unmanned aerial vehicles are growing all the time, the regulatory framework for drone operation is struggling to keep pace, raising concerns about the insurability of these exposures, writes the publication quoting Maurice Thompson and Tony Tarr.

4

Asia Insurance Review Drones and Insurance of Persons and Property Global growth in the use of drones and UAVs and the underlying technology are presenting enormous opportunities, but the development of a regulatory response is urgently needed – particularly the requirement for public liability insurance cover – say Clyde & Co’s Maurice Thompson and Tony Tarr.

Insurance News Australia ‘Significant’ opportunity for insurers as drone usage rises: Clyde & Co Clyde & Co highlights that significant, emerging opportunities lie in store for insurers as commercial use of drones rises. “Insurance is vital in this new global market with the ongoing development of insurance products by insurers playing and continuing to play a pivotal role in understanding and mitigating the risks associated with drone operations,” Maurice Thompson and Tony Tarr comment.

Insurance Business Australia Clyde & Co delves into drone laws and what they mean for the insurance industry With drones revolutionising business processes across various sectors, Clyde & Co has released the book outlining the current and proposed regulatory framework in Australia, the US, the UK, and Europe, and the authors outline what the laws mean for the current and evolving technological and insurance landscape.

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) Day of the Drones Nowadays, it seems like everyone is flying a drone. But whether it’s for work or play, drones are creating new risks for insurers. Drone Industry Insights estimates the global drone market will become a US$41.4 billion industry by 2026. “Drones are now in widespread use in maritime, mining, remote exploration works and repair, geological survey, agricultural land management, urban transport and delivery, aerial photography, media and more,” says Maurice Thompson, founder and chair of Clyde & Co’s Global Drones Group.

5

Insurance Edge If You Need Drone Laws and Regulations, Clyde & Co Wrote The Book On It Drones have revolutionised the way we do business across diverse sectors. Useful for insurers in quoting on Commercial risk and assessing claims damage, drones are now in widespread use in mining, remote exploration works and repair, geological survey, agricultural land management, urban transport and delivery, aerial photography, media and more. Given the broad application it is perhaps surprising that legislation of drone use has yet to catch up with how end users are already employing drones.

Lawyers Weekly The drone law space will ‘undergo significant evolution’ As drones are now increasingly used in a number of sectors, including maritime, resources, law enforcement, healthcare, logistics, and humanitarian efforts, the legislation surrounding their use is constantly changing and evolving. Maurice Thompson, partner and founder of Clyde & Co’s Global Drones Group, said that this space will continue to evolve over the coming years and outlined a number of challenges for the sector.

6

Clyde & Co leads the market in terms of publishing academic journal articles on the topic of drones. Our team of global experts are regularly sought out for their expert views as well as commentary in both academic journals and mainstream press.

• “Regulation, Risk and Insurance of Drones: An Urgent Global Accountability Imperative” (2019) Journal of Business Law 559. • “Drones in Australia – Rapidly evolving regulatory and insurance challenges” (2019) 30 Insurance Law Journal 135. • “Transport, Drones and Regulatory Challenges: Risk Accountability Meets COVID Fast Tracking of a Critical Industry” (2020) 48 Australian Business Law Review 202. • “On-Demand Insurance and the evolving technological and legal environment” (2021) Journal of Business Law 535.

• “Compulsory liability insurance for drones in Australia” (2021) 31 Insurance Law Journal.

• “Autonomous vehicles: regulatory, insurance and liability issues” (2021) 49 Australian Business Law Review 171.

440 Partners

1,800 Lawyers

4,000 Total staff 50+ Offices worldwide*

*includes associated offices Clyde & Co LLP is a limited liability partnership registered in England and Wales. Authorised and regulated by the Solicitors Regulation Authority. © Clyde & Co LLP 2022

www.clydeco.com

2307695 - 04 - 2022