🧵 1. Disaster in Baltimore could lead to largest-ever marine insurance payout, with insured losses from bridge collapse and cargo ship crash estimated in the single-digit billions. #business
🧵 1. Disaster in Baltimore could lead to largest-ever marine insurance payout, with insured losses from bridge collapse and cargo ship crash estimated in the single-digit billions. #business
🧵 2. Lloyd's chair anticipates substantial insurance claims due to interrupted business and supply chains, with potential for the largest marine loss in history.
🧵 3. Analysts predict insured losses of $2-4 billion from Baltimore port incident, triggering various insurance policies amid efforts to minimize trade impact.
🧵 Read more at: https://www.cnbc.com/2024/03/28/baltimore-disaster-may-be-largest-ever-marine-insurance-payout-lloyds-.html