The good news is that there is no need to answer that question.
In the normal course of events, those who cause damage have no protection. If they go bankrupt because they created more damage than they're worth, then they go bankrupt. And that is why lawsuits for damage recovery often have multiple defendants, because it is possible, in a large case, that the first defendant will be bankrupted. So be it.
We heard Mr. Sweetnam say that the capacity of the owner and operator is not unlimited, the capacity to pay. Well, unfortunately, the capacity to create damages is unlimited. So there's a mismatch. That is why we need some mandatory insurance, or “depth of pocket” as I've called it, but we do not need to couple that, to join that, with a limit on liability. There is no reason to tell victims that they are limited, or to tell the operators in advance that we forgive them over some arbitrary number. There is no reason to put in that number, except as a favour to the risk-maker.