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Old 7th Apr 2008, 06:32
  #763 (permalink)  
Sunfish
 
Join Date: Aug 2004
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Desk Jockey:

BA have been paid out and the hull is now owned by the insurance company. Source- BA staff briefing.(Weeks ago, as previously reported here.)
My sources are names at Lloyds who have to put their hands in their pockets if their syndicate has a share in BA's policy.

As of last week my sources tell me they have not had to put their hand in their pockets yet, and they would know.

BA has certainly advised Lloyds. The hull has been assessed as a total loss, however my information is that it will be necessary for the insurers to receive the accident report before a claim is made and accepted because of the possibility of cross claims against the insurers of the Beijing airport (if its fuel), Boeing (If its a system stuffup), contributory negligence by BA or Rolls Royce.

However it's all only rumour and I wouldn't know. As for lloyds, yes they are merely insurers, but the have an infinitely subtle and world wide intelligence network made up of every name on the floor. I would not ignore Lloyd's.
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