Lloyd’s of London: Baltimore bridge collapse may lead to largest maritime claim in history

The collapse of the Francis Scott Key Bridge could produce the largest maritime insurance claim in history, according to John Neal, CEO of Lloyd’s of London.

Neal told the Financial Times that the financial impact will probably be in the billions, with up to US$1bn for the bridge reconstruction alone.

Currently, the crash of the Costa Concordia cruise ship in 2012 is top of the list, costing around US$1.5bn.