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> I should add that, yes, SES Americom may have committed insurance fraud if they didn't disclose to their insurance company that the satellite was recoverable
by DugFin 14y ago
> I should add that, yes, SES Americom may have committed insurance fraud if they didn't disclose to their insurance company that the satellite was recoverable for $50M(the cost of dropping the lawsuit against Boeing)
I'm pretty sure that insurance companies can't consider the estimated cost of a civil suit as a fungible asset like that. They could no more insist that SES comply if Boeing had asked them to kill Boeing's mother in exchange for a trajectory license. After all, it costs less than $50M to kill someone.
- pavel_lishin 14y agoCan you make an analogy that doesn't involve a felony crime?
- oh_sigh 14y agoI agree. I am not at all certain how insurance contracts work, so I didn't want to speculate, but I also didn't want to leave out that possibly-relevant piece of information. Most likely, instead of offering a license in return for dropping the lawsuit, Boeing could just offer a license at the cost of what they expected to lose in the lawsuit(which is still around $50M). In that manner, the satellite would have been recoverable without any connection to the lawsuit.