Henry Daar News Today

The state of Maryland is about to get an insurance payment of $350 million related to the collapse of the Francis Scott Key Bridge in late March, according to…

The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge's broker. The $350-million payout could be the first of many related to the disaster that analysts have said might cost insurers up to $4 billion, making it a record shipping insurance loss. The tragedy that killed six people occurred after a Singapore-flagged container ship collided with the landmark bridge.

Chubb, the insurer of Baltimores Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. ...

The insured losses of the Francis Scott Key bridge disaster total between $2 billion and $4 billion

The insured losses of the Francis Scott Key bridge disaster total between $2 billion and $4 billion

The policy will only cover a small fraction of the billions in damages and the clean-up costs associated with Francis Scott Key Bridge collapse caused by a cargo ship, the Dali, in Baltimore.

The state of Maryland is about to get an insurance payment of $350 million related to the collapse of the Francis Scott Key Bridge in late March, according to the broker handling its policy on the structure.

The state of Maryland is about to get an insurance payment of $350 million related to the collapse of the Francis Scott Key Bridge in late March, according to the broker handling its policy on the structure.

Chubb, the insurer of Baltimore's Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland,

By Chris Isidore, CNN