Baltimore's Bridge collapse may cost insurers up to $3bn in claims.

Baltimore's Francis Scott Key Bridge collapse may cost insurers up to $3bn in claims, with firms on the Lloyd's of London market most exposed. The bridge collapse, caused by a collision with a container ship, has shut down the Port of Baltimore and resulted in six people still missing. Insurers are assessing the potential losses across several product lines including property, cargo, marine, liability, trade credit and contingent business interruption, with some estimates suggesting the total cost could reach into the billions.

March 27, 2024
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