If the plaintiffs are successful (through judgement or negotiated settlement) and the operator's underwriter has to pay damages, I wonder if that paves the way for the underwriter to claim against CASA on the grounds of alleged inadequate regulatory oversight which increased the underwriters risk.
An offshore underwriter could reasonably expect the regulator to look after all interests, including those of the underwriter.
Last edited by slats11; 4th Feb 2015 at 22:39.