The collapse of Baltimore’s Francis Scott Key Bridge following a collision with a container ship could lead to significant insurance claims, possibly totaling billions of dollars. Besides marine policies, it may trigger various coverages like auto, business interruption, and workers’ compensation. The Dali container ship, owned by Grace Ocean Pte Ltd., collided with the bridge, leading to rescue operations for missing individuals. While the exact cause is under investigation, insurers like The Britannia P&I Club are involved, with potential repercussions for reinsurance availability. Robert Hartwig, of the University of South Carolina, anticipates the event will strain coverage limits and lead to litigation. The incident also highlights concerns over growing container ship capacities and associated risks for insurers. Read more by clicking here.