As many people watched the search for the Titan submersible that disappeared while attempting to take five individuals closer to the shipwrecked Titanic ocean liner, word came that the privately-owned vessel had suffered a catastrophic implosion, killing all of those aboard.
The vessel was owned by OceanGate Expeditions and some concerns were expressed about its seaworthiness as more information came to light about the construction and design of the submersible. It will take time to investigate the cause and other issues surrounding this event.
In the latest Insurance Speak Podcast, Chris Tidball, an executive claims consultant with SecondLook, discusses some of the aspects related to possible litigation arising from this vessel failure. Tidball has spent more than 30 years in the property and casualty industry as an adjuster, claims executive and consultant, and is the author of several insurance-related fiction and non-fiction books.
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