The very spectacular images made the rounds on social networks ad nauseam. During the night from Monday to Tuesday, a container ship leaving the port of Baltimore hit a pile of a metal bridge. Under the violence of the impact, the building collapsed like a house of cards, in thirty seconds. A human tragedy which cost the lives of six people maintaining the bridge. But also an economic disaster because this port located on the East Coast of the United States is closed until further notice. For the world of insurance, the bill is already looking very steep.
“
This should represent a substantial loss, undoubtedly the largest in the history of marine insurance
,”
warned Bruce Carnegie-Brown, president of the Lloyd's of London insurance market, on Thursday. According to initial estimates from the rating agency S&P Global Ratings and the Barclays bank, losses could reach or even exceed $3 billion.
Insurers…
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