OMyMyOHellYes
Contributor
The cost of the search/rescue/recovery, for the most part, would have already been spent ... The USN and USCG didn't go out and buy new boats or sonars or planes or hire more sailors or coasties. Those assets and resources had already been paid for. No real variable cost. So, I don't get really worked up over that. We already agreed to share those costs. Guess what? We'd all share the cost of the coverage the proposed "coverage". And taxes wouldn't come down anyway.Even if true (just conjecture on your part, of course), it doesn’t change my opinion on requiring these private ventures to have insurance to reimburse taxpayers for costs incurred due to their their ill-engineered “expedtions”.
Some folks just want to pay higher insurance rates on everything, I guess.
Because insurance settlements aren't free money. They cost EVERYBODY.