The U.S. Coast Guard said it is evaluating whether other bridges nationwide are at risk after a cargo ship crashed into the Francis Scott Key Bridge in Baltimore in March, killing six people and destroying the Patapsco River crossing.
Tag: Bridge collapse
Hamilton Insurance CEO: $37.9M Baltimore Bridge Loss Will Boost Positive Rate Trend
Hamilton Insurance Group Ltd.’s chief executive officer said the Baltimore bridge collapse is likely one of the largest potential marine losses ever to hit the market, as the group’s first-quarter profit and premiums surged amid positive market conditions.
Chubb to Make $350 Million Payout in Baltimore Bridge Collapse
Chubb, the insurer of the collapsed Francis Scott Key Bridge in Baltimore, is preparing to make a $350 million payout to Maryland, paying the full amount of the coverage quickly rather than waiting for the rebuilding to begin.
Baltimore Bridge Disaster Costs Aspen as First-Quarter Profit Declinest
Aspen Insurance Holdings Ltd. posted lower first-quarter net income as lower underwriting profit — due partly to the Baltimore bridge disaster — outpaced investment gains.