Cargo ship’s owner and manager seek to limit legal liability for deadly bridge disaster in Baltimore
Associated PressThe owner and manager of a cargo ship that rammed into Baltimore’s Francis Scott Key Bridge before the span collapsed last week filed a court petition Monday seeking to limit their legal liability for the deadly disaster. The companies filed under a pre-Civil War provision of an 1851 maritime law that allows them to seek to limit their liability to the value of the vessel’s remains after a casualty. “Now all claims must be filed in this proceeding.” Cases like this typically take years to completely resolve, said Martin Davies, director of Tulane University Law School’s Maritime Law Center. What could have been done?” A report from credit rating agency Morningstar DBRS predicts the bridge collapse could become the most expensive marine insured loss in history, surpassing the record of about $1.5 billion held by the 2012 shipwreck of the Costa Concordia cruise ship off Italy.