Dali container ship seems to be insured by Lloyd.
Before 2022 Lloyd premiums from ship insurance was at around two dozen billions a year. Today, after unsealing that thing in maritime law that allow ships be insured by state of registration backed insurance company, Lloyd already lost billions of their premiums, so current sum is much lower.
Baltimor disaster estimated up to dozen billions. Since ship was a cause of distater, Lloyd have to pay that and it is significant sum that could bankrupt Lloyd, at least in ship insurance area. So they will have to borrow money from other branches. But that's not looks good too.
Total Lloyd premiums are around 60 billions a year. Let's assume that half of that sum used for Lloyd realty bills, salaries, top managers pockets filling and all that stuff. Then there is 30 billions for insurance payments left which is presumably enough to cover usual yearly insurance payments. And nearly half of that sum suddenly had to be paid for Dali fuckup.
Assumption about a half of premiums for business expenses and salaries is just an example, but the point is that premiums total is divided into two parts - the average insurance payments and other part goes to expenses, salaries and profits. Since any large corporation is purely socialistic inside, they have strict central planning about all that spendings. And sudden insurance payment of such magnitude will inevitably destroy or at least seriously harm them.
Current unusual promise of US government to cover all costs is an attempt to save Lloyd. But as far as I know, no third-party payments void the insurance case, so insurance company should pay, just because case happened. That's what in insurance contract.
Or, may be it is kind of taxpayer money laundering - tax money paid for covering disaster costs and Lloyds insurance payment of same sum goes to private pockets. Why not? - war is even less profitable, and things at current war already looks bad for the thieves. There is a dozen billion in just one bridge. I think there is a lot of bridges around to destroy. 100 bridges is a trillion of taxpayer money to steal. Along with destruction of supply chains and limiting that awful CO2 pollution from ships.
PS: Yes, I know about Ukrainian captain. And Ukrainian(UK) elites obsession with Kerch bridge. But I also know that shit and coincidences happens. I don't see any Ukrainian track in that case.
This is a solid theory. Were you aware that today Biden announced the federal government was paying for bridge repairs?
I don't know. It is not even a theory yet, just a hypothesis. Just nobody seem to talk about Lloyd, insurance and that Baltimor disaster is exact situation ship insurance demanded by ports created for.
Yes I was, and this was strange, because f.e. in case of train disaster in town of Palestine costs was laid to railway company AFAIK. And so to the insurer of that company if it had insurance for such cases.
I was just on reddit looking for dock worker's bitching. I didn't find any in r/baltimore r/antiwork, or r/workreform. But, I did read in r/baltimore that the government is paying now because insurance litigation is expected to take years, and include appeals. The bridge can't be out of commission that long.
I have to get up early, you'll find the best threads on r/baltimore. You may even want to share some.