BrianLaws
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| Posted: Sat Jun 13, 2009 10:27 am Post subject: Avoid Problems & Save Money, Just Drive There! |
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| Quote: |
A.I.G. Balks at Claims From Jet Ditching in Hudson
by Mary Williams Walsh
Friday, June 12, 2009
provided by
The New York Times
A pleasant woman at US Airways told him not to worry; he would be made whole for his losses. But then the matter shifted to US Airways' insurer, the American International Group, operating under government stewardship since its bailout last fall.
When a homeowner has a burglary or a driver has a crash, all it normally takes is a call to the insurance company and a description of the loss to activate the policy. But aviation liability insurance is different. It is activated by a finding of negligence on the part of an airline. If there is no negligence, then arguably there is no liability, and no obligation to pay claims.
Aviation insurance specialists said that an airline's liability insurer is not normally there for medical bills after a plane crash. Passengers' health insurance may indeed pay first -- for passengers who have it -- or workers' compensation for passengers traveling on business. Later, if liability is established, those insurers circle back and try to get reimbursed from the airline's liability insurer. But that does not help accident survivors who have expenses in the meantime. |
Full story here: http://finance.yahoo.com/insurance/article/107188/aig-balks-at-Claims-from-jet-ditching-in-hudson |
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