Insurers Assessing Air Show Tragedy

  Tuesday, September 27th, 2011 Source: Risk and Insurance

A first glance at the numbers might indicate that the size of the loss when a P-51 Mustang slammed into a crowd of spectators at the National Championship Air Races in Reno on Sept. 16 would make the event uninsurable going forward. At least 11 people were killed and 74 were injured, after a World-War II vintage plane piloted by 74-year-old Jimmy Leeward, slammed into the VIP section of the premier air race in the nation. Reports in the Reno-Gazette Journal, citing public documents, pointed to the show’s $100 million liabilty limit...

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