The problem is, what happens to insurance costs when it's pretty much
guaranteed you're going to be settling a blockbuster case once every ten
years or so? Right now I think the Archdiocese of Boston is unable to get
liability insurance because of all the scandals. Their insureres paid out
somewhere around $60m and said "we're outta here."
"TaxSrv" wrote in message
...
"Allen" wrote:
$480 million - The largest aviation verdict awarded to plaintiffs
in
history. (Cassoutt vs. Cessna) 2002
Real old news, because it was settled over 2 years ago for likely a
small fraction, as appeals courts seriously reduce these things. Nor
would Cessna pay out the settlement; they pay only for insurance.
Fred F.
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