Baltimore disaster may be the largest-ever marine insurance payout, Lloyd's boss says
Publishing timestamp: 2024-03-28 09:58:05
Summary
The collapse of a major Baltimore bridge could result in the largest-ever marine insurance payout, with insured losses estimated to be between $2 billion and $4 billion. The incident has disrupted supply chains and impacted various industries, with auto manufacturers and retailers scrambling to minimize the impact on their operations. Despite the hefty insured losses, analysts believe the insurance industry will be able to manage the claims.
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