"Baltimore Bridge Disaster: Legal Liability Limits Sought by Ship Owner and Manager"

The owner and manager of the cargo ship involved in the Baltimore bridge collapse have filed a petition to limit their legal liability to roughly $43.6 million under U.S. maritime law. The estimated insured losses for the disaster could range from $2 billion to $4 billion, potentially making it the most expensive marine insured loss in history. The bridge collapse has resulted in fatalities, with four people still missing and presumed dead. The cost to rebuild the collapsed bridge is estimated to be at least $400 million, and families of the victims may seek compensation for wrongful death damages under maritime law.