If you divide the $700 million by $50,000 (pocket money) you dont get a very large number of claims.
But what about one big one
I have asked over at Sydney Airport post if they may have a claim. No answers but I sure if they do its going to make the $50.000 claims look like pocket money
In an interview Papa Buffet said he does not know the final impact on his re- insurance business, as the US have the same sort of policy problems in the courts as the balls up here.
If IAG " believe " they dont have a problem its not the same as knowing . How many times has "belief" blown up in peoples faces. So if Papa Buffet does not "know" thats more concrete than a "belief"
You would have to bet that those with the high priced lawyers know a probability of boom and you would keep your mouth shut till you dumped your exposure thus no chit chat form stock tipsters
IAG Price at posting:
$5.06 Sentiment: None Disclosure: Not Held
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