Saturday , November 23 2024

Baltimore bridge disaster raises billions of dollars in insurance claims


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Recently, investigation has been started regarding the tragedy that occurred after the ship collided with the bridge. Apart from this, questions are also being raised regarding insurance. The collapse of Baltimore's Francis Scott Bridge is likely to cost policyholders several billion dollars in losses, the chairman of the London Commercial Insurance Market said Friday. The disaster is expected to result in losses of up to $4 billion in insurance claims. Brown said it was too early to estimate total insured losses.

It is estimated that billions of dollars have been lost in this incident. He said the disaster was likely to be the largest marine insurance loss ever. Earlier in 2012, the Costa Concordia luxury cruise liner had suffered the biggest accident.

The trend of finding dead bodies in water continues

The bodies of two workers missing after the Francis Scott Bridge collapse in Baltimore have been found. They were in a pick-up truck when the giant cargo ship collided with the bridge. During this time the bridge collapsed. Maryland police said more vehicles were trapped under concrete and steel debris on the Francis Scott Key Bridge.