An insurer is seeking more than $350 million in reimbursement following the collapse of the Francis Scott Key Bridge in Baltimore. The March 26 incident resulted in the deaths of six individuals and injuries to two maintenance workers, prompting lawsuits from surviving family members.
Ace American Insurance Co. paid out a $350 million property insurance claim to Maryland and is now demanding equal compensation, plus interest, from the owner and manager of the cargo ship that caused the destruction of the bridge. The claim, filed by Cozen O’Connor on behalf of Ace, underscores the substantial financial and human costs associated with the incident.
“This fatal and costly disaster could and should have been avoided,” a claim filed by White and Williams on behalf of Brawner Builders Inc. and Zurich American Insurance Co. states. It highlights that the event not only caused significant human loss but also halted commercial traffic into and out of the Port of Baltimore. For more details on the case, visit Law.com.