Insurer Chubb to Issue $350 Million Payout for Baltimore Bridge Collapse

Thursday, 2 May 2024, 09:30

Insurer Chubb has decided to payout $350 million in the Baltimore bridge collapse case, signaling the start of a potentially prolonged legal dispute over the estimated $1 billion-plus cost of the incident. The move by Chubb is a significant development in the ongoing investigation into the responsibilities for the collapse, shedding light on the insurance industry's role in such catastrophic events. This payout is expected to be just the beginning of a complex process that will involve multiple stakeholders and legal intricacies.

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Insurer Chubb's $350 Million Payout in Baltimore Bridge Collapse

The check from Chubb represents the first substantial payout in the aftermath of the Baltimore bridge collapse.

Legal Dispute Over Costs

The $1 billion-plus estimated cost of the bridge collapse initiates a long legal battle.

Chubb's decision sets a pivotal point in determining liability and expenses in the case.

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.

Insurer Chubb's $350 Million Payout in Baltimore Bridge Collapse

Legal Dispute Over Costs

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