Good move by the amusement park. They have a strong case of detrimental reliance on the “experts” who designed and supplied the ride and the cable. As a deep pocket they’ll unfortunately end up eating some of any settlement.
What a coincidence that AIG is Six Flags’ insurance company and the AIG’s attorneys representing Six Flags filed this lawsuit just before AIG appeared to be heading into bankruptcy. This definitely could make the balance sheets look better. Of course, this would not be published in the Insurance Journal, even though all previous investigations indicate that any lawsuit against the ride supplier is totally unfounded. If the judge does not throw out this lawsuit AIG will find out soon how more they will have to pay because of this lawsuit when all facts will come out during the trial.
Negligent maintenance/operation is not product liability. Read the Kentucky State investigation report. You are probably right. AIG insurance division probably makes money because they try to use every excuses to avoid paying for the claims. What’s the beef with AIG? The $85 Billion Federal Reserve bailout to be paid by the taxpayers. Regardless whether the AIG’s insurance division is profitable or not, if AIG goes bankrupt their insurance division goes bankrupt too.
OK you geniuses. What’s the theory of liability against Six Flags? Where’s the negligence? This is a products liability case.
Expert….what’s your beef with AIG? It is a coincidence and nothing more. If you were informed, you’d know the insurance division of AIG is very profitable and isn’t party to the financial investment mess. One case wouldn’t make a difference anyway.
And if you want to spew some anger, take it out on the best and brightest MBA’s from the “name” colleges who created the banking house of cards through their stupidity, ignorance, inexperience, and greed. These banks threw out the handbook on qualifying people for mortgages in favor of short term profit. They should be hung.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
Good move by the amusement park. They have a strong case of detrimental reliance on the “experts” who designed and supplied the ride and the cable. As a deep pocket they’ll unfortunately end up eating some of any settlement.
What a coincidence that AIG is Six Flags’ insurance company and the AIG’s attorneys representing Six Flags filed this lawsuit just before AIG appeared to be heading into bankruptcy. This definitely could make the balance sheets look better. Of course, this would not be published in the Insurance Journal, even though all previous investigations indicate that any lawsuit against the ride supplier is totally unfounded. If the judge does not throw out this lawsuit AIG will find out soon how more they will have to pay because of this lawsuit when all facts will come out during the trial.
I agree with Expert, I don’t think 6 Flags have a leg to stand on.
Negligent maintenance/operation is not product liability. Read the Kentucky State investigation report. You are probably right. AIG insurance division probably makes money because they try to use every excuses to avoid paying for the claims. What’s the beef with AIG? The $85 Billion Federal Reserve bailout to be paid by the taxpayers. Regardless whether the AIG’s insurance division is profitable or not, if AIG goes bankrupt their insurance division goes bankrupt too.
OK you geniuses. What’s the theory of liability against Six Flags? Where’s the negligence? This is a products liability case.
Expert….what’s your beef with AIG? It is a coincidence and nothing more. If you were informed, you’d know the insurance division of AIG is very profitable and isn’t party to the financial investment mess. One case wouldn’t make a difference anyway.
And if you want to spew some anger, take it out on the best and brightest MBA’s from the “name” colleges who created the banking house of cards through their stupidity, ignorance, inexperience, and greed. These banks threw out the handbook on qualifying people for mortgages in favor of short term profit. They should be hung.