Biden says Baltimore bridge rebuild should be paid for by the federal government after collapse

I’m ok with this, but shouldn’t the shipping company’s insurance be first up to the plate? Why are we paying everything?

https://www.nbcnews.com/news/amp/rcna145138

WASHINGTON — President Joe Biden said he wants the federal government to pay to rebuild the Baltimore bridge that collapsed early Tuesday after a large cargo ship sailed straight into one of the bridge's support pillars.

"We’re going to work with our partners in Congress to make sure the state gets the support it needs. It’s my intention that the federal government will pay for the entire cost of reconstructing that bridge, and I expect the Congress to support my effort," Biden said in brief remarks from the White House before he left for North Carolina.


Biden said that it will take "some time" to rebuild the Francis Scott Key Bridge, which transverses the Patapsco River, but that he told Maryland Gov. Wes Moore, a Democrat, that he's directing the federal government to "move heaven and earth" to reopen the port and rebuild the bridge "as soon as humanly possible."

He said he also plans to visit Baltimore as "quickly" as he can.

"Our prayers are with everyone involved in this terrible accident and all the families — especially those waiting for the news of their loved one right now," Biden said.