Yes. And liability insurance. Ultimately, after the lawsuit, they will pay. But the work can't wait for years to begin.I'm going to guess that like many, many others this ship is registered somewhere other than the US. That being the case, I don't think suing will bring any relief.
Ship/Shipping companies have their properties and cargo insured in case of loss and/or damages.
Baltimore bridge collapse: Insurance loss could hit $3bn
It could cost insurance companies $1.2bn for the bridge damages and millions more for the six deaths.www.bbc.com
Insurers could face losses of up to $4 billion after Baltimore bridge tragedy
Analysts say the Baltimore bridge collapse could be a record shipping insurance loss.www.usatoday.com
Baltimore bridge collapse: Who will pay for the destroyed bridge, harmed businesses and lost lives?
The collapse of the Francis Scott Key Bridge in Maryland is a multi-layered tragedy: For the families and friends of those killed or presumed dead, it’s a profound and personal loss.apnews.com
Bridge Collapse After Being Struck By Cargo Ship
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