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12/21/2024 8:32:21 AM
 
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Section 25: Chit Chat Subject: Key Bridge Msg# 1217833
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| The boat’s insurance carrier is only a small piece of the pie. Maritine law makes every company that had an item in the containers also responsible. Those companies will pay a pro rata share based on the number and value of the items. It will probably take 20 years to sort it out. The insurance money should go back to the federal government if the fed is paying the bills. The bridge insurer also will pay and get their money back. There also could be many other carriers involved once they figure out the cause of the ship losing power. Marine claims are very complicated. | ||||||
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For reference, the above message is a reply to a message where: Another joke on the MD taxpayers dime. At least it is from what I understand. The bridge insurer will pay $350 million dollars. A far cry from 2 trillion to replace it. Did I understand this correctly or misunderstood? How on earth did you come up with the above? The federal government will rebuild at a cost of $1.7 billion, not 2 trillion. As for insurance, etc., I expect that will be in the courts for years. Meantime, the bridge needs to be rebuilt. |
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