According to Bloomberg News, the ship's owner could potentially minimize liability by utilizing an obscure 1851 law invoked by the owners of the Titanic to limit compensation after that vessel sank. Credit: Al Drago/Bloomberg
On March 26, 2024, at approximately 1:28 a.m., a Singapore-flagged cargo ship ran into the Francis Scott Key Bridge, causing a catastrophic collapse, multiple fatalities and potentially hundreds of millions of dollars in damage claims.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
