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.
| less than a minute read
Chubb to make $350m payout in Baltimore bridge collapse
"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."
