With the colapse of that bridge in Baltimore, how and who will pay for the damages and losses caused?

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Mainly I’m curious if the insurance of the ship or any other kind of insurance company will be involved + any other source that will pay for this.

Im totally aware that first an investigation must be completed to know the causes in order to determine liabilities and consequences. Hypothetical cases are welcome 🙂

In: Economics

5 Answers

Anonymous 0 Comments

The ship declared an emergency due to loss of power. that caused the bridge authority to close traffic on the bridge, but wasn’t in time to clear the workers who were using the overnight lull to patch potholes.

There will be an investigation, but either the ship owner’s insurance or the ship operator’s insurance is likely to pay a lot. It’s unsafe to operate a ship without adequate propulsion. It’s unsafe to not maintain your ship’s propulsion systems. There is plenty of blame to go around.

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