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former9thward

(32,128 posts)

3. In the end it will cost the insurance companies very little.

Reply to TexasTowelie (Original post)

Thu Mar 28, 2024, 09:27 AM

Mar 28

They will raise rates to cover the losses. The companies getting the raised rates will raise prices to their customers to cover the new rates. So ultimately the whoever buys the products will pay for it.

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Highlight:

Insurers could face losses of up to $4 billion after Baltimore bridge tragedy, analyst says [View all] TexasTowelie Mar 28 OP

Oh crap mucifer Mar 28 #1

Boo F@cking Hoo Hoo! gfwzig Mar 28 #2

What would be the point of burning the ships? EX500rider Mar 28 #4

That certainly sounds reasonable. 🙄 Oopsie Daisy Mar 28 #5

So The Shipping Company's RobinA Mar 28 #8

In the end it will cost the insurance companies very little. former9thward Mar 28 #3

Is it the insurer for the cargo ship or for the bridge? LiberalFighter Mar 28 #6

Looks like insurance rates for ships could be going up. republianmushroom Mar 28 #7

That's pretty much what it will cost to rebuild this bridge FakeNoose Mar 28 #9

I'm going to guess much less than a year. Hauling away the wreckage won't take that long. Igel Mar 28 #10

It would be interesting to compare that $4B with their profits... pecosbob Mar 28 #11