Rudi - I am actually surprised that the wording of the policy does not, as a matter of course exclude taking new members who are able to get cover for an airline already in Chapter 11 WHEN the policy is initiated.

i.e. AA is covered NOW, but if they go into Chapter 11, NEW members would have AA excluded, but existing members are still covered for AA etc.

If a disproportionate slab of those covered are mostly covered for US Air, UA ...... then AA, CO or whomever is inevitably next, the liability skew is obvious.

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~ Glen ~

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