Insurer Chubb plans a $350 million payout to Maryland after Baltimore's Francis Scott Key Bridge collapse; incident could cost insurers up to $4 billion.
Insurer Chubb plans a $350 million payout to Maryland following the collapse of Baltimore's Francis Scott Key Bridge. The payment is expected to be authorized within weeks, and it could be the first of multiple payouts related to the incident, which analysts estimate could cost insurers up to $4 billion, making it a record shipping insurance loss. The bridge disaster killed six people and resulted in a criminal probe by the FBI.
May 02, 2024
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