Worse, because of the way NWA had structured their risk management program, Delta's program took the losses from Colgan 3407. You can almost hear the excitement as underwriters got a much larger Delta account followed by the "oh crud" (cleaned up for APC) when they learned their account results got destroyed by what came with the acquisition.

I'm not saying this is a result of Colgan's accident, but knowing how upset the risk management side of the business were, it would not surprise me.