This article from NYTimes.com has been sent to you by psa188@juno.com. Airline Companies Consider Creating Own Insurance Plan February 12, 2002 By THE ASSOCIATED PRESS With the market for war liability insurance for airlines all but dried up since Sept. 11, the nation's major carriers are discussing the creation of their own insurance company. Working with an insurance unit of Marsh & McLennan Companies (news/quote), the Air Transport Association, an industry group based in Washington, has developed a proposal that would provide airlines with as much as $1.5 billion in third-party war liability coverage. The industry-run policy could go into effect as early as next month. "It is up to each individual carrier to decide if they would want to participate," Jim Casey, a lawyer for the trade group, said yesterday. Several major United States airlines are reviewing the proposal, Mr. Casey said. The Federal Aviation Administration has been providing this type of coverage to the industry since Sept. 11, but that policy will expire on March 20. The agency is considering a one-year extension of the policy. Since Sept. 11, commercial insurers have offered the airline industry only about $50 million in coverage. The industry proposal calls for the creation of an insurance vehicle owned by the participants it would cover. The entity under review would cover airlines for damage caused on the ground domestically and internationally, Mr. Casey said. http://www.nytimes.com/2002/02/12/business/12INSU.html?ex=1014530361&ei=1&en=8773fad32941f11a HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact Alyson Racer at alyson@nytimes.com or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to help@nytimes.com. Copyright 2002 The New York Times Company