Baltimore Bridge May Trigger Historic Marine Loss, Says Lloyd's of London

  • Collapse may become one of the biggest marine losses ever
  • CEO John Neal said the collapse will cost billions of dollars
Lloyd’s of London CEO John Neal discusses the insurance cost and impact of the Baltimore bridge collapse disaster. Source: Bloomberg

Supply Lines is a daily newsletter that tracks global trade. Sign up here.

Insurance payouts for Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore could be among the largest ever in marine insurance, according to Lloyd’s of London Chief Executive Officer John Neal.