X-Virus-Scanned: clean according to Sophos on Logan.com Return-Path: Sender: To: lml@lancaironline.net Date: Sun, 29 Mar 2009 16:41:10 -0400 Message-ID: X-Original-Return-Path: Received: from vms173017pub.verizon.net ([206.46.173.17] verified) by logan.com (CommuniGate Pro SMTP 5.2.13) with ESMTP id 3563290 for lml@lancaironline.net; Sun, 29 Mar 2009 01:25:52 -0400 Received-SPF: pass receiver=logan.com; client-ip=206.46.173.17; envelope-from=skipslater@verizon.net Received: from SkipPC ([64.134.14.254]) by vms173017.mailsrvcs.net (Sun Java(tm) System Messaging Server 6.3-7.04 (built Sep 26 2008; 32bit)) with ESMTPA id <0KH900EPY5PVDAX3@vms173017.mailsrvcs.net> for lml@lancaironline.net; Sun, 29 Mar 2009 00:25:07 -0500 (CDT) X-Original-Message-id: <7AB5C8F657CF4EEB8F376F856C2FB132@SkipPC> From: "Skip Slater" X-Original-To: "Lancair Mailing List" References: In-reply-to: Subject: Re: [LML] Re: Insurance X-Original-Date: Sat, 28 Mar 2009 22:25:08 -0700 MIME-version: 1.0 Content-type: text/plain; format=flowed; charset=iso-8859-1; reply-type=original Content-transfer-encoding: 7bit X-Priority: 3 X-MSMail-priority: Normal X-Mailer: Microsoft Windows Mail 6.0.6001.18000 X-MIMEOLE: Produced By Microsoft MimeOLE V6.0.6001.18049 The problem AIG has, according to my broker, is that lately they've been paying out about three times what they take in from premiums on IV-P's. They could go the route AVEMCO did when they experienced similar losses and just refuse to cover them completely. What they did instead was come up with a poorly planned inspection solution when everyone knows the problem is primarily pilot error which is best addressed through initial and recurrent training, at least until an adequate amount of time in model is accumulated and some defined level of currency is maintained I don't blame AIG for taking radical steps to stem their losses, but it sure would be nice if they didn't take a Ready, Fire, Aim approach to it. Skip Slater N540ES