Here's the rub on this.So if the roles were reversed and a privately owned US based ship took out a bridge in Singapore and the ships insurance didn't cover the total cost, the US taxpayer should be liable for the difference?
The insurance money shouldn't stop flowing until the insurance company is bankrupt and their BoD is bankrupt. Not wink-wink Chapter 11 bankrupt, panhandling at side of freeway bankrupt. It's on their ass - they made gobs of money for decades, time to see the other side of it.
Then you can start making the US taxpayer liable for the difference.
I feel this way about a lot of industries and insurance companies in particular.
- an alternative payment would be for Singapore Airlines to do some consulting work for the US carriers to teach them how not to suck as bad.