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Baltimore Bridge Collapse Impact
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Baltimore Bridge Collapse Cleanup Begins
Baltimore Bridge Collapse Disrupts Port
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The Baltimore bridge collapse involving the cargo ship Dali has triggered potentially billion-dollar liability claims. The ship's owner, Grace Ocean Private, faces damages, with insurance coverage by 80 reinsurers amounting to $3 billion. Lloyd’s CEO sees this event as an opportunity to showcase the value of insurance, anticipating insured losses topping $2 billion.
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How might the declaration of 'general average' impact cargo owners and insurers following the Baltimore bridge collapse?
In what ways can the Baltimore bridge incident reshape insurance practices and policies in the maritime industry?
What lessons can other industries learn from the handling of liability claims in the aftermath of the Baltimore bridge collapse?
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