you are viewing a single comment's thread
view the rest of the comments
[–] 8 points 8 months ago (2 children)

Alternatively wasn't he floating some kind of mandatory insurance scheme? mandatory in the sense that the insurer can't refuse. Sounds like a great time to liquidate some ageing stock for yhuge profits.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 10 points 8 months ago* (last edited 8 months ago) (1 child)

    No. Reinsurance "scheme" lets an insurer transfer all risk. If US government is willing to pay the insurer $100M, then they will charge the ship $1M or $99M for the voyage, but keep $100M total. Brian Kilmede will not volunteer to be crew on the ships no matter the pay, either.

  • source
  • parent
  • hideshow 1 child comment