I don't think people realize that self-insurance for an organization so poor that it has to struggle to reach the minimum reserve threshold simply isn't going to work.
It works fine if you have billions. It can be made to work if you have tens of millions.
But if you only have two million dollars, that pot of money has to be held in reserve simply for the self-insurance entity to exist.
You can't draw from it. The government will come after you for insufficient reserves and shut you down.
Any claims must be drawn from additional funds on top of that baseline. All payments and expenses must be drawn from additional funds.
Jean Lake may well seal the fate of the USHPA. ALL that money held in reserve could be lost IN ONE LAWSUIT.
No more USHPA.
Joyriding was serious exposure for a small membership organization. It should be far beyond anything the US Hawks would consider.
Frank, I think, understands the implications of this. I'm not sure if anyone else does.
What it means, is we US Hawks have to form as a solo free-flight hang gliding organization with absolutely minimum liability exposure.
No baggage. No tandem. No joyrides. No parachuting. No competitions. No insured sites. No towing.
We are about to watch the USHPA go down the tubes.
We all know they're not going to give up anything.
What will remain is the US Hawks.
We could be the last man standing.
That's sad. But it's very, very important.