The Maryland Insurance Administration published a Bulletin addressing the collapse of the Francis Scott Key Bridge in Baltimore. The collapse has significant economic implications for the region and nationwide–costing up to $191 million per day in lost economic activity. The Administration aims to support consumers and businesses affected by the reduced operations of the Port of Baltimore. 

The Administration is asking all insurance carriers operating in the state to make reasonable accommodations so that affected consumers and businesses don't lose coverage due to non-payment of premium. Reasonable accommodations can include suspension of premiums due, extension of billing due dates and premium grace periods, and waiver of installment and late payment fees. 

Some companies have already shown that they are willing to make accommodations. The Administration asks that those carriers notify them of those accommodations and how the carrier will notify policyholders of those accommodations. The Administration will also provide information on its website on which carriers are providing accommodations and how to access them, and will send out a consumer alert on the accommodations.