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The insurer is expected to authorize a full payment in the coming weeks, yet Chubb’s exposure to the loss is significantly less than the headline total, in part because it sold some of the risk to reinsurers.
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"The check, which is the upper limit of the state’s coverage for the structure, would be the first large payout in what will likely be a yearslong wrangle over who bears the $1b+ estimated cost of the bridge’s collapse."
https://www.wsj.com/finance/insurer-to-make-350-million-payout-in-baltimore-bridge-collapse-36abcb51
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