Los Angeles radio tower crash kills 2

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.

"C Kingsbury" wrote:
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.


Maybe the problem with the Church is its inability to assure it will
go away, the word of a Servant of God notwithstanding :-) , whereas
with Cessna it could be things are looking up. NTSB stats are showing
that their singles reintroduced since the 90's are basically not
crashing, whereas each day more oldies in the fleet get X'd out under
the 18-year statute of repose for product liability. Some legal types
even say the phenomenon of blockbuster lawsuits is lately on the wane.
Who knows....

Reg,
Fred F.