The container ship Dali collided with a key bridge in Baltimore on Tuesday.Michael A. McCoy/The Washington Post/Getty ImagesThe Baltimore bridge collapse could trigger billions of dollars in insurance losses, the chairman of Lloyd's of London said."The tragedy has the capacity to become the largest single marine insurance loss ever," Bruce Carnegie-Brown told Reuters.The insurance market's CEO John Neal also warned the disaster could lead to billion-dollar losses.The collapse of Baltimore's Francis Scott Key bridge could lead to the biggest losses in the history of marine insurance, the bosses of Lloyd's of London warned on Thursday."The tragedy has the capacity to become the largest single marine insurance loss ever," the commercial insurance market's chairman Bruce Carnegie-Brown said in an interview with Reuters.Meanwhile, Lloyd's CEO John Neal told BBC Radio 4's "Today" show that it was fortunate that both the bridge and the ship that collided with it were insured, even though that could lead to billion-dollar losses within the industry."I would say it's certainly going to be one of the largest marine losses in history, of that there is little or no doubt," he said.
The Baltimore Bridge Disaster May Lead To The 'largest Single Marine Insurance Loss Ever,' Lloyd's Of London Bosses Say
gglover@insider.com (George Glover), Business Insider
Thu, 03/28/2024 - 4:53am
Topics: today michael a mccoy/the washington post/getty imagesthe baltimore baltimore's francis scott key lloyd's ceo john neal bbc radio neal maersk-chartered morningstar dbrs costa concordia italy january europe lloyd business insider dali baltimore the london bruce carnegie-brown reuters ceo john neal neal lloyd's disaster lead bosses largest single marine insurance loss losses billion ship collided chairman capacity tragedy billion-dollar collapse told history market people warned insured
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