Insights into Dali Insurance Payouts, Possible Criminal Charges

Maritime attorney Sean Pribyl was cited in a recent WMAR-2 News article discussing the potential insurance payouts and criminal charges related to the cargo ship collision that destroyed Baltimore's Francis Scott Key Bridge. The article explored the complex legal landscape surrounding the incident, including the ship owner's invocation of the Limitation of Liability Act to limit its liability to $43 million, which is significantly less than the expected losses. Mr. Pribyl provided insight into the unique aspect of risk pooling in the maritime industry.

"Ship owners were concerned that the loss of their single ship would essentially bankrupt them. They were looking for a way to invest in shipping with some additional security," he said.

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