Reinsurance Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Flight is gone, destroyed and unfortunately the people have perished. so yes, the process has begun of reinsurers paying this money into a fund. that money could be administered by lawyers. this could turn into a legal fight. you don't want to be talking about this when we are still looking for people but unfortunately this is the way the process happens and this is a normal occurrence. >> did you hear that? >> i heard a phone ring. >> we have a jam box on the set where we rock current '80s trends, i get music and stuff like that. it's hooked up to john glenn's phone. so when john glenn's phon...

Now, if they still haven't found the plane, they have no idea, these people would get compensation. >> but i went back to look at some other situations in this regard. in the case of air france flight 447, you remember that crashed in 2009 killing everybody on board, 228 people. some claims were resolved a year later. some claims were resolved within the first two years after investigators concluded that the plane was, in fact, lost. and destroyed. so the bottom line is the reinsurance process has begun with this money going into a fund but we may very well not see any money go to the families...