That question has been answered quite a few times in the last 11 years that PF has been around. PrivilegeFlyer has never had to have any solvency in regard to potential claims. In 1991, PF went to the London insurance market and secured insurance on itself. Claims have never been handled by PF as we try and help members get the most out of their frequent flyer programs. Claims were sent to London for resolve and there hasn't been any problems over the years or you would have heard. Over the years there has been quite a few satisfied members because of the privilege of helping extend their expiring miles. There are far more people who have been glad to have help with expired miles in the mid-1900s than the small numbers of people with miles in programs that may be at risk. You might find it interesting that most of the members of PrivilegeFlyer enjoy the benefit of help with their frequent flyer programs, not the idea that they may enjoy some piece of mind for endangered miles. Please remember that this is an eleven year program and that the last time airlines were in trouble was some eleven years ago. If you were to look closely at any interview I've done for the past few months in public, you'd know that I do not recommend PrivilegeFlyer for protection of your miles and points. I do recommend it for assistance in getting more of your frequent program. If you missed the radio show i did in Phoenix some weeks ago or some of the various interviews regarding the safety of your miles - let me recap for you. I have as many if not more miles perdonally than most any frequent flyer. Because I tend to seek out miles from a variety of programs big and small to stay impartial, my miles are in some of those programs you might find as a risk. I can say without a doubt, that I have no worries about losing my miles in either America West, United or US Airways at this time. While this may change over time, I see no immediate change in my position and advise members who are looking for solutions to protect their miles to pass on any options that are available, including PrivilegeFlyer, early redemption, partner redemption and future redemption. I said this same thing in interviews as far back as last October. However, I'm not London and there is a feeling that because of their unsettled concern about the aviation marketplace (I don't get the feeling they rely on what my personal thoughts are on the future of the airline industry) which is likely based more on analyst's stock support of airlines they may soon restrict us from accepting new members anyway. As much respect as I have for the insurance industry, I still am going to trust my instincts on this matter and go with saying your miles are safe over the next 6 months.

Hope this helps a little. Thanks for the question. And I might add - please don't worry about United Airlines. Bankruptcy there is not possible other than as a way to undo some of the more restrictive labor contracts they can't get out of any other way. Mileage Plus miles are as safe as credits in the Southwest Rapid Rewards program.