Isnt this why we pay insurance companies premiums? Dont actuaries set rates appropriately for this?
I heard Biden say he would put the American taxpayers on the hook for that. I hope that was just another of his lies.
Insurance isn’t about paying claims.
Insurance is about collecting premiums.
That is how it works.
Next problem?
No they won’t. Biden will never allow an insurance investigation of this crash.
Haven’t heard a whole lot about the captain of the container ship. Joseph Hazelwood of Exxon-Valdez infamy was immediately put under scrutiny after that ‘mishap’.
They’ll pass it off to us one way or the other.
The figure I’ve heard reported is that the blockage of most of Baltimore harbor is costing approximately $100,000,000 per day. That’s getting into Trump’s so-called fraud judgement territory pretty quickly.
Bridge wreckage has to be removed from the ship and the ship moved before clearing the bridge wreckage from the shipping channel can even begin.
What’s Going On With Shipping has a new video out today describing what needs to happen, first of all, having one person in charge of the rather complex operation involving so many private and public entities.
The reports say 6 people were missing——
ARE ALL of those 6 the workers on the bridge repair crew???
OR are there missing motorists???
I am confused
Biden Administration bailing out insurance companies now.