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A comment on Dali owner file petition to cap liability in Baltimore bridge collapse at $43.7M. Parent comment

Re:Dali owner file petition to cap liability in Baltimore br... by baq on Wednesday April 03, 2024 @05:19AM (#39915103)
It's worse (as in, more complex; better for the public, I guess) in that damages will be so big reinsurers are going to take a huge hit; they're probably not used to that.
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Re:Dali owner file petition to cap liability in Baltimore br... by mschuster91 on Wednesday April 03, 2024 @06:22AM (#39915560)
> damages will be so big reinsurers are going to take a huge hit; they're probably not used to that.

Nah, the re-insurances actually are used to big hits. Munich Re, one of the biggest in the world if not the biggest, pays out billions of dollars a year from nature disasters [1].

[1] https://de.statista.com/statistik/daten/studie/200297/umfrag...

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Re:Dali owner file petition to cap liability in Baltimore br... by Elkekec on Wednesday April 03, 2024 @05:51AM (#39915332)
The exposure of insurance and reinsurance depends on the amount the ship was insured for (and there is a limit to that).
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