Do you own a structured settlement? You may be able to get a lump sum of cash for future payments that are due to you. Get started by clicking above orange link - get a lump sum.


Insurance Companies May be responsible up to $100 Million Claims From Metro Train Crash

by admin 27. July 2009 09:59

American International Group Inc. and insurers at Lloyd’s of London are among firms that may face a combined total of more than $100 million in claims tied to the Washington Metro crash that killed nine people last month. The costs to the pool of insurers, which also includes Bermuda-based XL Capital Ltd. and Warren Buffett’s Berkshire Hathaway Inc., will depend on estimates of medical care, loss of expected lifetime earnings and the degree of negligence by the Washington Metropolitan Area Transit Authority.

The cost “will easily exceed $100 million,” said Peter Grenier, a lawyer at Washington-based Bode & Grenier LLP, who negotiated a $2.3 million settlement for a man who lost his wife when she was struck by a Metro bus in 2007.  The train accident may weigh on results at insurers after investment declines and falling rates pressured the firms. U.S. property and casualty carriers posted a record $1.3 billion first-quarter loss, compared with profit of $8.5 billion a year earlier, according to Insurance Services Office Inc. The June 22 Metro accident, the deadliest in the city’s history, occurred when one train, operated by a computerized system, collided into another, National Transportation Safety Board member Debbie Hersman said June 23 in a press conference.

Read more here

http://www.bloomberg.com/apps/news?pid=20601087&sid=aHTaxTWmLmzY

 

 

Currently rated 4.0 by 1 people

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Tags:

Insurance Companies | Structured Settlement Payments

Comments


Do you own or have a structured settlement from an injury lawsuit? There are ways now to sell your future payments to get a loarge lump sum of cash. Fill out a form on this site to get started. Cash can be delivered in 30-90 days. Not all structured settlements qualify. Start today.
WeblogLinkDirectory - Blogs Directory & Websites Reviews
My Zimbio
Top Stories blog directory GeekySpeaky: Submit Your Site!
A1 Web Links -
Personal Blogs - BlogCatalog Blog Directory
Blog Directory
Blog Flux Local
Bloglisting.net - The internets fastest growing blog directory
Blogio.net blog directory


Web Design work assistance from Alloveronline - Fort Lauderdale Web Design

Calendar

<<  September 2010  >>
MoTuWeThFrSaSu
303112345
6789101112
13141516171819
20212223242526
27282930123
45678910

View posts in large calendar
Disclaimer
The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.

© Copyright 2010 Structured Settlement Cash Out