Baltimore bridge collapse could lead to record insurance loss, says Lloyd’s boss

Bruce Carnegie-Brown says disaster could cost billions and result in largest single marine insurance loss ever

The collapse of Baltimore’s Francis Scott Key Bridge is likely to lead to the largest single marine insurance loss ever, the chair of Lloyd’s of London has said.

Bruce Carnegie-Brown said he expected to see insurers incur multibillion-dollar losses after the disaster, which resulted in the deaths of at least two people, with four others missing and presumed dead.