Lloyd’s Chief Executive Officer John Neal sees a “complex and expensive” industry loss after a container ship crashed into a Baltimore bridge, and a marine insurer has outlined the structure of the investigation into the disaster.
Tag: Baltimore Bridge accident
Insurers Could Face Losses of Up to $4B after Baltimore Bridge Tragedy
Baltimore’s Francis Scott Key Bridge collapse could cost insurers billions of dollars in claims, analysts say, with one putting it at as much as $4 billion, which would make the tragedy a record shipping insurance loss.
Marine Mutual Britannia Confirms Insurance Role in Baltimore Bridge Ship Collision
A marine protection and indemnity insurer confirmed it is part of coverage for a container ship that hit a bridge in Baltimore, collapsing the bridge and causing unknown damage at this time.