Baltimore Bridge Strike Could Be the Most Expensive Marine Casualty Ever
Lloyd's of London expects that the payout for the Baltimore bridge strike will be exceptionally expensive, and it may even be the "largest ever marine-insured loss" - bigger perhaps than the Costa Concordia. When the boxship Dali hit the Francis Scott Key Bridge on Tuesday morning, it killed six people, collapsed a major highway thoroughfare, and blocked off access to Baltimore's harbor. The physical damage was massive and costly, but it will be the secondary impacts to business that really...
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