The Bayesian superyacht that sank off the coast of Sicily on August 19, killing tech entrepreneur Mike Lynch and six others, may result in insurance claims totaling at least $150 million. The yacht's hull, insured for approximately $40 million, was covered by OMAC and a consortium of insurers, while its protection and indemnity (P&I) insurance, provided by British Marine, could reach $200-300 million. Prosecutors in Termini Imerese are investigating the captain and two crew members, though no formal charges have been made. The yacht capsized quickly after being struck by a pre-dawn storm. The investigation will require salvaging the wreck and could take considerable time.