@ Turbine D
slats11,
Quote:
And a court (if unable to settle) may decide to award punitive damages (often not insurable - it varies) in addition to compensatory damages (insurable).
“Puny-Wrap” Insurance
Yes there may well be a policy for punitive damages. This will have lots of fine print and exclusions.
So I agree with you the defendants will be doing their very best to reach a (generous) settlement, and avoid a trial with all the costs and risks and unknowns that entails (including the risk of punitive damages).
The problem may be that the pax is now sufficiently upset and angry that it has gone beyond mere $$$ and he wants his day in court.
The CEO has been quoted as saying he has been unsuccessful in trying to contact the pax. Not a hopeful sign.