my thought exactly. somebody wrote a $400 million dollar check that fast. I’d like to talk with them. It seems like it takes months to get a $10,000 loss paid.
401 Mill? Seems like they were underinsured as the replacement value would be a lot higher. Perhaps this was a partial up front payment and the remainder will be paid out after they hire 3 dozen lawyers, several loss adjusters, 2 new brokers and 47 airline tickets to London!
remember, that is the owner of the rig who got the $$$ and not the lessee… i hope they have insurance that will cover part of the rig loss as well… but they definately should have some insurance for loss of income…
Curious as to what carriers paid out on that loss.
Sure wasn’t Lloyds, they would drag it out for years before paying.
It was Lloyds.
my thought exactly. somebody wrote a $400 million dollar check that fast. I’d like to talk with them. It seems like it takes months to get a $10,000 loss paid.
401 Mill? Seems like they were underinsured as the replacement value would be a lot higher. Perhaps this was a partial up front payment and the remainder will be paid out after they hire 3 dozen lawyers, several loss adjusters, 2 new brokers and 47 airline tickets to London!
I wonder how much insurance they actually have.. The Rig is just the tip of the Iceberg I’m sure.
It wasn’t an Iceberg that caused the damage, it was a methane explosion.
remember, that is the owner of the rig who got the $$$ and not the lessee… i hope they have insurance that will cover part of the rig loss as well… but they definately should have some insurance for loss of income…