"Thomas Cook only took out insurance for the very largest personal injury claims. For agreed claims below this figure, up to a high aggregate amount, they decided to self-insure through a provision in their accounts. As Thomas Cook has entered into liquidation without ensuring any protection for pending claims, the vast majority of claimants who are not covered by the insurance - including customers who have suffered very serious injuries and loss of life -will be treated as unsecured creditors"
@rpcutts Was it illegal to do this? It should be!
@ben honestly unsure on the legality of self insurance. Feel anything I think I know is based on literally nothing at all.
It.... feels wrong.... At least not to have it underwritten for this eventuality.
Stream of inane drivel.
Some legacy microblogging.
Carrying bags of sand and what have you.