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Old December 22nd 04, 09:54 PM
TaxSrv
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"Allen" wrote:

Who is Cessna Aircraft's insurance company? Do they not

"self-insure'?

If they do, then Textron's SEC filings are fraudulent! I've looked at
recent filings, and they really don't cite problems here, current or
future. Actually, their ins co doesn't directly pay either. Like
even little Avemco, they would rely on "reinsurance" heavily, meaning
the risk is tossed into the worldwide aviation risk pool, like Lloyd's
of London who's never sold a single policy since the 1800's. Go to
Avemco's SEC filings and one gets a hint of how it works. You don't
see any big figure for claims payouts in financials, because it's
buried in their reinsurance arrangement.

Reg,
Fred F.