Insurance losses from Baltimore bridge tragedy could reach $4 billion, warns analyst
Insurers could face losses of up to $4 billion due to the collapse of a major bridge in Baltimore, according to an analyst at insurance industry research firm, Conning & Co. The collapse has drawn comparisons to the 2018 collapse of the Morandi bridge in Genoa, which led to significant insurance claims. The Baltimore bridge collapse could result in similar losses for insurers, with potential claims related to property damage, business interruption, and liability.