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.
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 $99M for the voyage. But the ship is not obligated to pay $99M instead of staying where they are. Brian Kilmede will not volunteer to be crew on the ships no matter the pay, either.
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.
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 $99M for the voyage. But the ship is not obligated to pay $99M instead of staying where they are. Brian Kilmede will not volunteer to be crew on the ships no matter the pay, either.
Should’ve involuntarily added him to the crew of that genius “submarine”. Missed our chance.