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Baltimore disaster may be the largest-ever marine insurance payout

18 pointsby arczaabout 1 year ago

2 comments

m348e912about 1 year ago
The good news for Lloyds is that the US federal government intends to pay for the bridge rebuild.<p><a href="https:&#x2F;&#x2F;www.nbcnews.com&#x2F;politics&#x2F;white-house&#x2F;biden-says-wants-federal-government-pay-rebuilding-baltimore-bridge-ca-rcna145138" rel="nofollow">https:&#x2F;&#x2F;www.nbcnews.com&#x2F;politics&#x2F;white-house&#x2F;biden-says-want...</a>
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Almondsetatabout 1 year ago
&gt;“Despite the hefty insured losses, we expect they will remain manageable for the insurance industry as they will involve a large and diversified pool of well capitalized insurers and reinsurers,” Morningstar said.<p>Is the insurance business world so scummy that just a couple of billions worth of claims could even remotely be a problem for them?
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