The destruction of Baltimore’s Francis Scott Key Bridge and its economic fallout could result in the largest marine insurance claim in history, the chairman and chief executive of London-based insurance giant Lloyd’s said in separate Thursday statements. stated in an interview.
“We are beginning to dedicate resources to this in anticipation that this will be a very important case for the industry. And for the Lloyd’s market, it will take some time for the complexity of the situation to unravel. “Deaf,” said Bruce Carnegie Brown. interview CNBC and squawk box europe. “So, [it’s] It’s a very early day to call the phone number. At this time, we do not believe it is outside the scope of our realistic disaster scenario planning. While this feels like a very large loss and could be the largest marine insurance loss in history, it is not outside the scope of our plans. ”
“This could be one of the largest ocean losses in history,” Lloyds CEO John Neal said in an interview. thursday bloomberg news. “That’s a multi-billion dollar loss. I think it has to be, but I think it’s a little premature to say how much it will actually cost.”
Civil engineering experts who spoke to Breitbart News said rebuilding the bridge would cost billions of dollars and take years to build. These estimates do not include the cost of clearing disaster debris from waterways so the Port of Baltimore can resume operations.
Analysts at Barclays Bank estimate that the bridge damage claim alone could reach $1.2 billion. Additionally, hundreds of millions of dollars more could be awarded for wrongful death and business interruption.
