Liability claims resulting from the bridge collapse in Minnesota will be limited, since the state and federal government have immunity from civil actions, but insurers are not off the hook, according to industry experts.
New York-based Insurance Information Institute said the I-35 bridge that collapsed Wednesday evening is a federal highway owned by the federal government and therefore enjoys sovereign immunity. Because of that immunity, there would be no property or liability insurance.
David D. Thamann, managing editor of FC&S, an affiliate of National Underwriter Companies, agreed that because of government immunity protections, insurance would not come into play related to liability from the collapse of the bridge itself.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
