Published 1 month ago

Quirk in US maritime law may be key to liability in Baltimore bridge disaster

Summary by Ground News

The tragedy could lead to up to $4 billion in insurance claims, Morningstar DBRS said. Reinsurers – insurers that handle risks that are too large for insurance companies to handle alone – “will bear the bulk of the insured cost of the collapse of the Francis Scott Key Bridge in Baltimore”, says AM Best. The ship’s owners, Singapore-based Grace Ocean Private, will certainly try to limit their liability fromlawsuits.

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Raw Story

Quirk in U.S. maritime law may be key to liability in Baltimore bridge disaster

The investigation continues to determine why a container ship, the Dali, smashed into a pillar of the 2.6 km span of Baltimore’s Francis Scott Key bridge in early morning darkness on Tuesday, causing it to collapse and leaving six construction workers presumed dead.However, establishing the precise cause of the accident will be just the first step in untangling the question of who will shoulder the financial cost of the disaster, which will be c…

1 month ago·United States

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