JOURNAL ARTICLE

Maritime Disasters Shed Light on Legal Future of Bridge Collapse.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Steinberg, Ethan M; Dolmetsch, Chris 3 of 3

Abstract

The article discusses the potential legal consequences and financial implications for the owner of the ship that crashed into the Francis Scott Key Bridge in Baltimore. Insurance claims, including those for wrongful death and business interruption, could amount to $3 billion. The article also highlights past maritime disasters, such as the Summit Venture collision in 1980 and the Deepwater Horizon explosion in 2010, which resulted in significant litigation and multibillion-dollar settlements. The Exxon Valdez oil spill in 1989 led to a class action lawsuit and various civil claims and criminal charges against Exxon. The Conception boat fire in 2019 resulted in ongoing lawsuits, with the boat's owner and the US Coast Guard facing legal action. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/03, pN.PAG
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2024
  • Accession Number:176318954
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