Baltimore bridge collapse may see biggest marine insurance payout: report

Washington (AFP) Mar 28, 2024

The collapse of a major Baltimore bridge after a cargo ship smashed into it could bring about the largest marine insurance payout ever, the boss of insurance giant Lloyd's of London said in an interview Thursday. "It feels like a very substantial loss, potentially the largest-ever marine insured loss, but not outside parameters that we plan for," chairman Bruce Carnegie-Brown told CNBC.