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Archive for June, 2009

Sully Rulz

Sully Rulz

Anyone remember the heroes on US Airways 1549 that crashed into the Hudson? Well, AIG has managed to screw up their involvement in that, too. They’re denying liability.

When a homeowner has a burglary or a driver has a crash, all it normally takes is a call to the insurance company and a description of the loss to activate the policy. But aviation liability insurance is different. It is activated by a finding of negligence on the part of an airline. If there is no negligence, then arguably there is no liability, and no obligation to pay claims.

For those of us who take immense pleasure in AIG’s cascade of fail, this is a delight. I’m picturing the following sequence of events:

1. Some Senator calls up Liddy and widens his poop shoot yet further (“these people are heroes!”)

2. Liddy calls up his claims department and says: “pay the fucking claims and call back the NYT, you FUCKING moron”

3. Liddy calls up the same claims exec the next day: “oh, and you’re fired”

4. Liddy gets summoned to the Hill again so the polititians can fall all over each other to play the righteous outrage card a bit, which will be a welcome break from the befuddled economic architect hand they’ve been making  a hack job of lately.

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