Just playing devil's advocate here: The downed bridge is blocking access to one of the country's largest and most critical ports. As I understand it, no ships can get in or out of the port until the debris is removed, and a bridge is badly needed for logistical purposes in moving things in and out of the port once they are unloaded from the ships. I am sure there will be court battles with the insurance company, which will try and pay as little as possible, and these court battles could take years before there would be any money to begin the cleanup and rebuilding. The country can't afford to have that port out of operation for a long period of time.
It seems to me that it makes far more sense for a quick investigation, followed by the government paying for the salvage, cleanup, and rebuilding so as to get the port running again ASAP. Then when the insurance company eventually is forced to pay, the money would replace at least some of what the government spent.
Keep in mind, I could be completely wrong. I am assuming that WHs are in control of the response, and that may not be the case. Hopefully things will become clearer in the coming days and weeks.
That's not how this kind of insurance works - the policies respond and the claim is reinserted. Actually the insurers are incentivised to pay when the claim is clear cut as this is.
Just playing devil's advocate here: The downed bridge is blocking access to one of the country's largest and most critical ports. As I understand it, no ships can get in or out of the port until the debris is removed, and a bridge is badly needed for logistical purposes in moving things in and out of the port once they are unloaded from the ships. I am sure there will be court battles with the insurance company, which will try and pay as little as possible, and these court battles could take years before there would be any money to begin the cleanup and rebuilding. The country can't afford to have that port out of operation for a long period of time.
It seems to me that it makes far more sense for a quick investigation, followed by the government paying for the salvage, cleanup, and rebuilding so as to get the port running again ASAP. Then when the insurance company eventually is forced to pay, the money would replace at least some of what the government spent.
Keep in mind, I could be completely wrong. I am assuming that WHs are in control of the response, and that may not be the case. Hopefully things will become clearer in the coming days and weeks.
That's not how this kind of insurance works - the policies respond and the claim is reinserted. Actually the insurers are incentivised to pay when the claim is clear cut as this is.