info is gonna come from the street, don't hold you breath for some executive summary w/ glossy 8x10's from GB.
Anyone have a contact in the fishing operation along the mid atlantic? Got to imagine if one of their boys had a $2m + catch on the line it would get some chatter on the radios out...
Just got off the phone w a credible underwriter of a reputable ins co who knows the story.
He does a lot of business w the broker on RM. [no names please...]
Word is the boat was spotted & towed to port by a fishing trawler in tact. (relatively speaking)
The fishing Co. did not claim...
You are underestimating the seaworthiness of a good inflatable.
There are many in service as surf rescue vessels. I've spent many hours in small ribs in big wind and waves and they are plenty capable of handling the conditions if you're not an idiot about it.
Given the RM's situation, I would...
the string of causation entities is long and each one has a strong plausible defense...
GB? most likely, but no direct link to the rig failure.
Hall? Same as GB, lot's of little parts they bought to put the rig together, any one of them could have been the culprit...
A few thoughts,
Do the GB's include a barometer?? I've done many many offshore miles without outside weather assistance for most of them.
the one thing we watched like a hawk was the barometer. One i sailed w had an alarm for a preset pressure drop over a set time.
if that alarm went off...
There won't be an official version! ever. certainly not from insurers, and most likely a spun up marketing piece from GB.
As clean said above, the search is over. The insurers are probably negotiating a settlement and PJ / GB are busy selling new cats.
RM's fate will be either a crash...
if you are chronically poor, then you can't fuck your life up because it's fucked to begin with!
to really fuck something up, you need to start from a state of extreme non-fucked upness!
Poor people just cant't do that, because they're pretty fucked up from day one...
^^ Yes! historically offshore multi's have been taboo for the standard markets, and expensive in the surplus insurance world (lloyd's type).
Only recently have some of the standards put their toe in the water with OM's.
The rig came down because it was 'jerked' down by the violent wave state and the nature of a large cat.
Those rigs and fittings are designed for large static load above which would flip the boat or shred sails.
They are not designed for spikes of tremendous shock load, as in roll the boat one...
current conditions per above.
Winds: NW (310°) at 27.2 kt gusting to 35.0 kt
Significant Wave Height: 13.1 ft
Glad all are safe but concur with many of the above. You can't go offshore and expect a paid airlift home in those conditions!