It has been estimated that the economic impact of the Port of Baltimore closure in the wake of the Frances Scott Key Bridge collapse was roughly $15 million a day. (Credit: AFC Vixen via Wikipedia Commons)

Chubb is set to pay the State of Maryland $350 million as part of its coverage of Baltimore's destroyed Frances Scott Key Bridge, multiple news sources have reported, citing the policy's broker.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].