Insurers could have to pay up to $3 billion. The accident will complicate the import and export of new cars to the United States.
“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. According to initial estimates from the rating agency S&P Global Ratings and the Barclays bank, losses could reach or even exceed $3billion. Insurers… This article is reserved for subscribers. You have 79% left to discover.