AIG Won't Pay $10K Benefit to Passengers of Flight 1549 Water Landing

Jump to Last Post 1-4 of 4 discussions (5 posts)
  1. Doing my part profile image53
    Doing my partposted 9 years ago

    AIG announced that they're not going to pay American Airlines tab for issuing immediate benefits in claims based on the Hudson River water landing of American Airlines Flight 1549 piloted by the heralded Sully Sullenberger.  They argue that thier insurance clause is based on negligence of the pilot, aircraft or airline and none exists. 

    American Airlines immediately recognized moral obligation to compensate each of it's 155 passengers for their ordeal to the tune of $5000 per passenger and they are now offering an additional $5000 to each passenger in exchange for a waiver of further liability. 

    AIG is refusing to back these payments in an subsequent American Airlines claim and won't agree to cover the cost of passenger injury claims.  They have agreed to cover up to 3 visits of crisis counseling but after that it's the passengers responsibility.

    Their short sightedness explains why they needed the bailout money.  Their decision making is ignorant.  The worst kind of insurance claim is just looming around AIG. All 155 passengers passengers survived.  That's 155 witnesses to this event and 155 attorneys and 155 potential claims.  It's the perfect storm waiting to happen and it won't be long before at least one lawyer proves negligence and triggers their policy costing them millions more.


    Could they be this foolish? 

    Well let's look at the management.  AIG had no problem funding a swanky $440,000 business retreat for their top execs.  Then they turned around and award themselves 165 million in executive bonuses with taxpayer money! 

    Now they are balking at settlement less than $2,000,000?  This is one of those cases where the more AIG keeps tight fisted, the more it's going to cost them in the end.     


    I think the only way their going to save money and recover public confidence is to demonstrate good judgment.  They should pay this claim and cut their losses by showing the American tax payer that they value saved lives as much as lost lives.

  2. LondonGirl profile image84
    LondonGirlposted 9 years ago

    Half-witted of them - the negative PR will be much more than paying out.

    1. profile image0
      Leta Sposted 9 years agoin reply to this

      Bingo.

  3. profile image0
    Leta Sposted 9 years ago

    Trust me, those at the head of corporations ARE often that ignorant. And absolutely, showing good judgment would be the best case scenario. From what I have witnessed in my career, it is often rarely the case.  Business is not about fair play, or even the company's enlightened self interest, or making good decisions. It is about greed and egos.

    The people at the top are often not as smart (and much more ego driven) than those below them. It isn't about the company as a whole, ie.  And in a role as an adviser, etc., in some capacity as to what their actions should be, petty politics--with your livelihood sometimes hanging on the line often plays a part.

    Gone are the days of Carnegie and others who saw things on a grander scale.  Just a fact.  Buffet is about as close as we get, and of course his primary tenet is a company is only as good as its management's ethics.  What companies like AIG don't realize is that with ethical practices, they will find themselves richer in the long run--but it isn't about the long run.  It's about cut, grab and run away with million dollar shower curtains and stupid luxury animalistic comforts like these 'business retreats.'  Yes, this is who we have at the top.  So called 'leaders.'

  4. Misha profile image73
    Mishaposted 9 years ago

    Aren't they government owned already? What else would you expect from the government? lol

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)