Airlines to Face Higher Baggage Liability

Your lost baggage is worth a bit more due to a new rule issued by the Department of Transportation. They’ve raised the liability limit from $2800 to $3000, in an effort to keep pace with inflation. The new limit will go into effect Feb. 28, 2007 and it is estimated that the new rule will cost airlines an additional $2.6 million per year in payouts to passengers. —MEGHANN MARCO

Airlines face higher baggage liability [Business Week]