"TaxSrv" wrote:

"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.

Insurance companies aren't a bucket of free money for paying liability
claims though. You can bet if they make a payout like that they are
going to set future premiums to try to recover some of the loss, and
to reflect the possibility of future similar (or even higher) payouts.
The insurance company has to aim to collect at least as much in
premiums as they pay out.