F'ing insurance industry

"Peter Gottlieb" wrote in message
. net...
I figured it was something like that, I just wish they clearly defined
what
those risks were.

I am nearly certain I've seen at least one policy that DID actually define
"Act Of God". My guess is that it's not uncommon to see such an explicit
definition, where that term is used in the policy.

Pete

I am nearly certain I've seen at least one policy that DID actually define
"Act Of God".


I'd like to see the fallout should they redefine it as "Act Of Allah"

Jose

--
(for Email, make the obvious changes in my address)

In article , Bill Denton
wrote:

So, when you come across "Act Of God" in an insurance policy, the insurer is
not saying that it was an event caused by a higher power, they are simply
saying that it was an event that meets the long established legal definition
of an "Act Of God".

Sounds like the FAA's definition of "congested area".

"Peter Gottlieb" wrote in message
. net...

An insurance company who knew beforehand what each insured's losses would
be
would be quite profitable indeed.

Actually, such an insurance company would probably have no business.
Presumably they would only insure people whose expected losses would cost
less than the insurance policy. In that case, anyway whose business they
agreed to underwrite would be better off just self-insuring.

It would be like going to a casino where the house always wins.. the casino
would quickly go under.



--------------------
Richard Kaplan, CFII

www.flyimc.com

This is actually a standard wording on most "group policy", unless you are
to cheap to buy your own personal insurance and pay a little more to get
around the pilot issue. And you may still have to deal with the "acts of
war" and suicide. Acts of war normally deal with active military in combat,
but since 9-11, that has changed.

BT

"gatt" wrote in message
...

My employer chose perhaps the most expensive and most useless insurance
policy they could, and today I called up Allegis Benefits and chewed them
up. Check this out:

"What is not covered under all plans:
- Suicide or attempted suicide while sane or insane
- Acts of war (declared or undeclared)
- Your commission of a felony
- Your operating, riding in, or descending from any ay aircraft other than
while a fare-paying passenger on a licensed, commercial, non-military
aircraft..."

So flying a plane puts me in company with suicides and criminals. She
thought that was funny. Just to clarify, I asked her: If I walk into a
prop
or go streaking across the runway and get clobbered by a landing jet, I am
not "operating, riding in or descending" and so I am covered. "Strictly
speaking, yes," she replied.

I finished the call by telling her that insurance industry employees will
never be welcome in my cockpit. That should be a standing code among GA
pilots: If an insurance employee wants to fly, he or she can take a jet
or
leap from a building. There's no room in general aviation for people who
liken pilots to felons and the insane.

-c

In article Defkc.342$kh4.18552@attbi_s52, "Jay Honeck"
wrote:

I know people who claim *everything* is under the control of God.

An omnipotent God and man's free will cannot coexist.

Are you saying that an all-powerful God is not able to
create man with free will?

--
Bob Noel

gatt wrote:

- Your operating, riding in, or descending from any ay aircraft other than
while a fare-paying passenger on a licensed, commercial, non-military
aircraft..."

Fairly standard.

George Patterson
If you don't tell lies, you never have to remember what you said.

Are you saying that an all-powerful God is not able to
create man with free will?

I'm saying it would illogical for Him to do so.

Omnipotence implies that He knows everything -- including the next choice
you are about to make.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Peter Duniho wrote:

I am nearly certain I've seen at least one policy that DID actually define
"Act Of God".

You probably have. The logical conclusion from Mr. Denton's information is that there
exists a legal definition somewhere of what constitutes an "Act of God", so it would
not be out of the question for some companies to include that in the policies.

George Patterson
If you don't tell lies, you never have to remember what you said.

gatt wrote:

As punishment for her comment, I didn't enroll in direct deposit. They
drive out and hand-deliver my paycheck each week.

Which, in order to deposit that check, you have to take time out of your
business day to drive/walk to the bank and either wait in line inside or
at the drive-up. Once the check is deposited into your account, your
bank will then make you wait three business days for the check to clear
before the funds are available for your use.

Yeah, you were punishing them with that decision, alright...

--
Peter