UK insurers face claims of up to $3bn from Baltimore bridge disaster

Insurance claims for damage to the bridge alone could reach $1.2bn, with further potential liabilities of $350m to $700m for wrongful deaths, analysts say

The bridge collapsed after being struck by a container ship, the Singapore-flagged Dali, sending vehicles into the water and threatening chaos at one of the most important ports on the US east coast.

Insurers face claims of as much as $3bn (2.8bn) following Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore, with firms on the Lloyd’s of London market most exposed, analysts said.

Insurance claims for damage to the bridge alone could reach $1.2bn, analysts at Barclays said in a research note, predicting further potential liabilities of $350m to $700m for wrongful deaths and yet-to-be-determined amounts for business interruptions while access to the city’s port is blocked.