United sues AIG over Sept. 11 loss claims

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United sues AIG over Sept. 11 loss claims  =

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Tuesday July 15, 1:20 PM EDT =


NEW YORK, July 15 (Reuters) - Bankrupt United Airlines sued a unit of ins=
urer American International Group Inc. (AIG) on Tuesday, demanding that t=
he insurer pay $25 million to cover some of the airline's losses after U.=
S. air traffic was shut down following the hijack attacks of Sept. 11, 20=
01.

The suit is the first major wrangle between airlines and insurers over Se=
pt. 11 losses. It could become a key battle for United as parent UAL Corp=
=2E(UALAQ) struggles to emerge from bankruptcy.

Under a property and business interruption policy issued by the Insurance=
 Co. of the State of Pennsylvania, United claims the insurer must pay up =
for "loss of gross revenue as a result of the enormous damage caused by t=
he 9/11 events including the total shutdown of the United States aviation=
 system."

The suit was filed on Tuesday in the U.S. District Court, Southern Distri=
ct of New York, the federal court designated to handle disputes related t=
o Sept. 11.

AIG and United spokesmen declined comment.

United, which in December filed for the largest airline bankruptcy in his=
tory, says it lost as much as $1.2 billion in revenue following the shutd=
own, as it canceled 20 percent of flights. The insurance policy limits cl=
aims in one year to $25 million. =



=A92003 Reuters Limited. =


Roger
EWROPS

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