- By Madeline Halpert
- BBC News, New York
Image source, Getty Images
The Port of Baltimore is the 14th largest in the US
The collapse of a bridge in the US city of Baltimore will result in the largest single marine insurance loss ever, a British insurance marketplace said.
Six people were presumed dead after a ship crashed into the bridge, and divers have recovered two bodies.
Experts say the damages could cost as much as $3bn (£2.3bn).
“I would say it’s certainly going to be one of the largest marine losses in history,” said John Neal, chief executive officer of Lloyd’s of London.
“Of that there is little or no doubt,” Mr Neal told the BBC. “But genuinely the good news is it’s insured.”
Mr Neal said the port and the ship that crashed into the bridge are also insured.
“So from a financial point of view, there is a process that will allow for financial compensation…
