Friday, June 12, 2009


NYT--For the first couple of days after his flight ditched into the Hudson River, Paul Jorgenson was just glad to be alive. But then he started to need his laptop, his wallet, his car keys — all the essentials he had stowed under his seat and left behind in the sinking plane.
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A pleasant woman at US Airways told him not to worry; he would be made whole for his losses. But then the matter shifted to US Airways’ insurer, the American International Group, operating under government stewardship since its bailout last fall.

“Everything went downhill,” said Mr. Jorgenson, a software executive in Charlotte, N.C., whose laptop and keys have not been recovered.

WB7 says: AIG spends too much time reading fine print in insurance policies and not enough time reading fine print in credit default swaps.

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