"Baltimore Bridge Collapse Sparks Demand for Liability Cap Amid Economic Impact"

The owners and manager of the cargo ship Dali, which crashed into a Baltimore bridge, have denied responsibility and filed a petition in federal court to cap liability costs at the new value of the damaged vessel, estimated at $43.6 million. The collision resulted in the collapse of the Francis Scott Key Bridge, causing significant economic impact and loss of life. The federal court will determine responsibility and the amount owed, with estimates of insured losses ranging from $2 billion to $4 billion. President Biden has approved $60 million in emergency federal aid for debris removal and plans to visit Baltimore to assess the situation.