Pinto Kenney would disagree that the Pinto is a bad thing as it is useful for many things, especially tailgating at Bills games. :-)
Posted on 03/27/2015 9:35:08 AM PDT by RummyChick
Lufthansa and its insurers have begun the grim task of working out how to compensate families of the victims of this week's Germanwings plane crash.
Lufthansa's main insurer Allianz (AZSEY), together with co-insurers, will be responsible for a variety of payments. Among them: costs associated with the recovery of the bodies and debris, as well as compensation for the victims' families.
It's still early days and many questions remain about the disaster that claimed 150 lives, but one aviation lawyer estimates the total bill for the crash of Germanwings flight 9525 could top $1 billion. And costs could climb further if criminal charges are brought against the airline.
Here's what to expect:
A long wait for the families
(Excerpt) Read more at money.cnn.com ...
Every time someone starts talking tort reform...I think of cases like this.
Cap at 100K???? Forget about it....
My family dies in a mass murder on an airplane into a mountain because your pilot was a nut job..PAY UP.
Cap at 1,000,000 per victim, and adjusted for inflation each year going forward.
Except that doesn’t fit all situations.
A million isn’t enough if victim is a high earner.
For example, if Leonardo Dicaprio had a kid and a wife. He gets offed in a mountainside plane crash. 1 Million doesn’t even begin to cover lost earnings, etc.
i do not understand why location of the crash has anything to do with the payout... shouldn't it matter on the airline and its insurance company and what the families workout with them?
That is why one has personal life insurance that has no Terrorist opt-out by the insurance company. Lawsuits are ridiculous...
Location matters.
If you have an accident in California you can file suit in California but you can’t just file the suit anywhere you want while shopping for jurisdiction.
“That is why one has personal life insurance that has no Terrorist opt-out by the insurance company. Lawsuits are ridiculous...”
I’ve often wondered about the weasel words to the effect of “act of war, declared or not” found in many policies.
Lawsuits help keep companies in check..imagine if they didn’t have to worry about them. And even with them, you get the Ford Pinto.
“...Leonardo Dicaprio...gets offed in a mountainside plane crash. 1 Million doesn’t even begin to cover...”
Income, no. Earnings? Another story.
“....begun the grim task of working out how to compensate families of the victims of this week’s Germanwings plane crash.”
.
By now, insurance rates for airline companies that have muzzie pilots, must be starting to charge insurance premiums whose costs are going through the roof.
Will enquiries about the pilots’ religious affiliation be answered?
“For example, if Leonardo Dicaprio had a kid and a wife. He gets offed in a mountainside plane crash. 1 Million doesn’t even begin to cover lost earnings, etc.”
It might cover a week’s vacation.
Pinto Kenney would disagree that the Pinto is a bad thing as it is useful for many things, especially tailgating at Bills games. :-)
How Much Environmentalist going to sue for damaging the Mountain?
Who would the French authorities charge with manslaughter? The guy who done it is....ded, D-E-A-D, ded!
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