[Lurker]

Some widows are going to be even richer than they were before very soon.

L

[KevinB]

Some widows are going to be even richer than they were before very soon.

Unlikely unless their spouses had a lot of life insurance.

The participants signed releases out of their wazoo. Plus, the tour company very likely doesn't have any money. It has had no reliable source of revenue and will certainly have no source of revenue after this. It has likely heavily leveraged itself to support its research and development.

Furthermore, I'm guessing the company couldn't get liability insurance due to the significant risks involved. Even if it was able to get insurance, (i) the insurance company will argue, likely successfully, that it's not obligated to pay due to the releases signed by the participants, and (ii) the amount of coverage will likely be insignificant in the scheme of things.

[Sicon]

"Some widows are going to be even richer than they were before very soon."

I don't know. The passengers all had to sign a waiver that stated pretty clearly that the submersible was experimental, was not certified by any agency for safety, that there was potential risk of injury, including death, etc.

[ProtectOurFreedom]

I doubt “OceanGate Expeditions” has much in the way of assets. The only payout will probably be from corporate and personal life insurance policies...IF the passengers could even buy a personal policy. I wonder how much corporate insurance OceanGate carried.

[Noumenon]

The important thing here is that they got rid of that pesky old white guy. Diiiiiiiiiverrrrrrrrsity! And now you’re dead.

[Travis McGee]

By FAR the best take on the fatal Titan sub fiasco.
[Yes, fatal.]
Skip the rest, this is the best, by an actual subject matter expert.

https://www.youtube.com/watch?v=4dka29FSZac