re: Francis Scott Key Bridge in Baltimore has collapsed - container ship wrecked into it

quote:

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What type of insurance limits do those big cargo vessels have to have? Seems cost prohibitive to have them each carry a few hundred million dollars? Between death claims, cleanup, lost revenue, rebuilding… this is at least a billion dollar loss.

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This likely falls under maritime jurisdiction in which case the vessel owner likely will (maybe already has) filed a limitation action. In maritime law the damages are usually limited to the post incident value of the vessel and its freight. There are exceptions of course.