In 2005, he examined the insurance argument—that the ship would be intentionally sunk to claim the insurance benefits. Quoting Ismay, “the Titanic‘cost $7,500,000’—and was insured ‘for $5,000,000, I understand.’” This is backed up by the IMM’s American Vice President, Philip ...
One challenge to application for salvage was made by Liverpool and London Steamship Protection and Indemnity Association. Liverpool and London filed an interest in the wreck owing to the insurance it paid out in claims after the disaster in 1912. In June 1994 Liverpool and London and RMSTI enter...
Learn the meaning of sunk cost and sunk cost trap with the help of the sunk cost examples and sunk cost fallacy examples. Related to this QuestionWhat best describes a sunk cost? A. Costs that vary directly with production. B. Money s...
Question: What do you reckon Rose would have done had the Titanic not sunk? Since they wouldn't have had to go back to her stateroom due to the seriousness of the collision, Jack may not have been arrested, so do you reckon Cal would make sure she was in sight of him, Lovejoy or...
German leaders blamed Jews for the riots and fined the Jewish community one billion Reich Marks. To pay the fine, Germany seized property and insurance money. This left Jewish owners personally responsible for repair costs. Kristallnacht accelerated more laws and decrees to deprive Jews of the prop...