Originally Posted by stubones99
I just read that the company that ran El Faro (TOTE) just settled with some of the families for $500k each for their loses...
They already had a replacement ship on order and it is now running the same route as El Faro. I guess it's just the cost of doing business.
Yes, same company that lost 25 containers off Palm Beach last month.
Settlement is a gamble for the families as you either settle low as many have or you gamble that they can't dodge the claims in court through claiming another entity is responsible. I would think that the level they're settling is within their insured level.