The Singaporean company that owns the cargo ship that collided with the Francis Scott Key Bridge last week took steps Monday to limit its liability for the accident.
The Dali, a 984-foot-long vessel carrying shipping containers, struck one of the Key Bridge’s support columns around 1:30 a.m. Tuesday, causing the tragic collapse. Six people are presumed dead, and a salvage operation is underway to clear debris and recover the bodies of the four victims that have not yet been located.
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The six-page, preemptive filing in the U.S. District Court in Baltimore from Grace Ocean Private Limited, and the manager of the ship, Synergy Marine Group, is potentially in anticipation of a wave of civil lawsuits or a Justice Department civil complaint.
The company, represented by a group of attorneys from Baltimore and Washington, asks the court to “issue an order enjoining the commencement of or further prosecution of any claims or causes of action against Petitioners except in this action” and that the court “determine that Petitioners are not liable for any loss or damage arising out of the Casualty.”
assuming that the ship was insured, then that company basically doesnt exist anymore. there’s no way they’re going to be able to cover the damages.
if it wasnt insured then the same goes for whomever owned the ship.
Are you talking about the insurance company?
In that case, insurance companies buy reinsurance, to protect themselves against those cases of incredible disaster. They are also maximum claim limits, that limits how much the insurance company pays to the insurer. Not even 9/11 broke any company and that’s the biggest claim ever paid in history.
The shipping company is pretty fucked tho, even if survive, all its insurance rates are going to be on the roof.