this post was submitted on 09 Mar 2026
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Trump is about to find out that ship owners won’t risk hundreds of millions per ship on an uninsurable voyage just to stroke his ego.
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 $1M or $99M for the voyage, but keep $100M total. 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.