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American Crash Loss Assessed The total insured monetary loss in the crash of American Airlines flight 587 will be above a low estimate of $150 million but “conceivably less than $750 million,” according to Bob Bailey, chairman and chief executive officer of NYMAGIC Inc., one of the airline’s insurers.

The Nov. 12 flight from Kennedy Airport in New York was bound for the Dominican Republic. Five persons on the ground and 260 persons aboard the Airbus A300 perished when, minutes after takeoff, the plane crashed into a neighborhood in Queens, N.Y.

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