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But then, insurances are often non-responsible if the root cause is manslaughter, aren’t they?
by eastbound 3y ago
But then, insurances are often non-responsible if the root cause is manslaughter, aren’t they?
- throwup238 3y agoNot at this level. The insurance company is essentially the guarantor in cases like this via Protection and Indemnity insurance. It’s a prerequisite to entering most ports so that someone with big pockets is on the hook when something like this happens, instead of some tiny management or holding company that can be declared bankrupt and quickly closed. Maersk and its insurers are going to fight over how they split ultimate responsibility, maybe even go to court over it, but the insurance company is the first big payee in line, even if they’re not responsible for the full (multi-billion dollar) amount.