Taking Off: Commercial Drone Use in the Insurance and Real Estate Industries Lexology

Our series on drones, known formally as "unmanned aircraft systems" or "UAS," addresses the growing use of drones in numerous industries across the United States. Many sectors in the United States have embraced drones due to their ability to significantly reduce costs, execute a variety of tasks traditionally performed by human labor, access places that humans and larger aircraft are incapable of reaching and provide enhanced reliability and accuracy of data. Furthermore, commercial drone use in the U.S. is expected to become more prevalent as federal government decision-makers and industry stakeholders work together to encourage drone use in commercial operations and to foster the integration of drones into the nation's airspace. Here's the fifth installment of our series, which focuses on the rapidly increasing integration of drones into the insurance and real estate industries. The insurance industry increasingly is relying on drones to identify and assess risks, as evidenced by the fact that insurance companies employ 17% of all commercial drones. All of these benefits can facilitate shorter claim processing time and more precise risk management.