The catastrophic bridge collapse that closed the Port of Baltimore to ship site visitors on Tuesday is inflicting some logistics complications, however is unlikely to set off a serious new U.S. provide chain disaster as competing East Coast ports are poised to deal with extra cargo, economists and logistics specialists say. With six individuals presumed … Read more
It’s very early within the restoration course of and already the numbers are massive. Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore might be as a lot as $2 billion to $4 billion, in keeping with Morningstar. S&P World Scores estimates $3 billion, which might nonetheless make this tragedy … Read more
The reinsurance market is predicted to bear the brunt of losses from the collapse of the Francis Scott Key Bridge within the US metropolis of Baltimore after container ship Dali struck one in every of its help columns, which ranking company AM Greatest stated will add to the growing challenges of reinsurance availability. Picture supply: … Read more
