Record Insurance Loss Predicted by Lloyd's Chair Following Baltimore Bridge Tragedy
Thursday, 28 March 2024, 11:15
Lloyd’s Chair Warns of Record Insurance Loss
Bruce Carnegie-Brown, the chair of Lloyd’s of London, has cautioned about a potential record insurance loss following the collapse of Baltimore’s Francis Scott Key Bridge.
Largest Single Marine Insurance Loss Projected
Carnegie-Brown expects insurers to face multibillion-dollar losses due to the tragic incident, which resulted in casualties and missing individuals.
- Impactful Consequences: The disaster could shape the insurance landscape significantly.
- Unprecedented Losses: Insurers are bracing for historic financial repercussions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.