Insurers brace for multi-billion dollar losses after Baltimore ship tragedy

Canada News News

Insurers brace for multi-billion dollar losses after Baltimore ship tragedy
Canada Latest News,Canada Headlines
  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Explore stories from Atlantic Canada.

How safe are Halifax's bridges? | SaltWire #halifax #harbour #safety #newstodayLONDON - Baltimore's Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one of the busiest ports in the United States.

Ship liability insurance, which covers marine environmental damage and injury, is provided through protection and indemnity insurers known as P&I Clubs. Moody's Ratings analyst Brandan Holmes said approximately 80 different reinsurers provided that cover to the ship's insurers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Too much Atlantic in Atlantic City: Beach erosion has casinos desperately seeking sand by summerToo much Atlantic in Atlantic City: Beach erosion has casinos desperately seeking sand by summerATLANTIC CITY, N.J. (AP) — The ocean and beaches have always been a part of Atlantic City's identity: from salt water taffy to Miss America bathing beauties ...
Read more »

Too much Atlantic in Atlantic City: Beach erosion has casinos desperately seeking sand by summerToo much Atlantic in Atlantic City: Beach erosion has casinos desperately seeking sand by summerThe ocean and beaches have always been a part of Atlantic City's identity: from salt water taffy to Miss America bathing beauties to the name of the place itself, the city has been marketed as a place to have fun by the sea.
Read more »

Addiction shapes the way drinkers in P.E.I. think about driving, says advocateAddiction shapes the way drinkers in P.E.I. think about driving, says advocateExplore stories from Atlantic Canada.
Read more »

Over 1.5 tonnes of cocaine worth $194 million seized in shipping container searched in HalifaxOver 1.5 tonnes of cocaine worth $194 million seized in shipping container searched in HalifaxExplore stories from Atlantic Canada.
Read more »

N.L. planning new $13M sports and well-being dome in St. John'sN.L. planning new $13M sports and well-being dome in St. John'sExplore stories from Atlantic Canada.
Read more »



Render Time: 2025-02-19 20:09:45