AIG Comes Thru:


JimT

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A spokesman for US Airways, Morgan Durrant, said the airline issued each passenger a check for $5,000 shortly after the accident to cover their immediate needs; it had no legal obligation to do so. He declined to discuss the airline's liability insurance policy or claims processes, saying the matter was pending and he did not want to jeopardize it................................................................................................................................................................................................................................................................................

Mr. Jorgenson, the software executive, said he did not have unpaid medical bills, but was frustrated about his claims for missing possessions. He sells specialized software to hedge funds and other investment companies, and must travel frequently to financial centers, wearing expensive suits and shoes, and carrying valuable computer equipment. He recently got some of his clothing back from the airline but the shoes were ruined, he said. One suit was missing its jacket, and his cufflinks and sunglasses are still gone. He got his wallet back but not the cash it held, he said.

Because he could document losses of more than $5,000, A.I.G. sent him a second $5,000, with a letter saying he could get an additional $10,000 if he signed a statement releasing it from any further claims. Other passengers are also being asked to sign the release in exchange for $10,000.

Guess I kind of have mixed thoughts on this. On one hand there is the potential for a lawsuit here that would have attorneys taking a huge chunk of money from AIG and the airline that down the line who do you think will eventually be picking up the tab.

Guess the way I see it I would be thankful. These people did all survive, and the birds were not something that put the airline really at fault. The airline did give each passenger $5,000, which might cover the losses for some passengers. AIG is offering $5,000-$10,000 above what the airline gave, possibly as much as $15,000 to those willing to sign a waiver. Those who had injuries likely have some type of health insurance, if that insurance does not take care of those injuries then yes the airline insurer(AIG) should have to. Even if the insurance company goes to giving in and saying we will payout whatever x dollar amount, chances are there will be someone who will not agree to the terms.

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lets face it. insurance companies have a team of attorneys with the job of minimizing or flat out denying any and all claims. each person thinking their offer (seems pretty fair to me, actually) is not good enough will either need to hire an attorney or join in a class action suit. i'm pretty sure most peoples baggage could be replaced with a couple thousand dollars, leaving the rest as a bonus. if i were there and had no injuries, i'd take the money and run.

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