Destruction of Francis Scott Key Bridge in Baltimore

SOURCE www.breitbart.com
The destruction of the Francis Scott Key Bridge in Baltimore could result in the biggest-ever marine insurance payout, with estimates of billions of dollars for rebuilding and clearing debris. Lloyd's of London is preparing for a substantial claim.

Key Points

  • Lloyd's of London preparing for a significant claim
  • Estimates of billions of dollars for rebuilding and clearing debris
  • Analysts expect claims to be as high as $1.2 billion for damage alone

Pros

  • Potential for the biggest-ever marine insurance payout
  • Rebuilding the bridge could stimulate economic activity in the area

Cons

  • High cost of rebuilding and clearing debris
  • Likely wrongful deaths and business interruptions