Baltimore bridge disaster could lead to multi-billion dollar insurance loss
The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could become the largest single marine insurance loss ever, according to Bruce Carnegie-Brown, chairperson of Lloyd’s of London. Carnegie-Brown told Reuters he would be “very surprised” if the event did not result in a multi-billion dollar loss, […]
Court blocks bid to take multi- billion aircraft leasing insurance trial to Russia
The Commercial Court has refused to allow London’s major insurance companies to have a multi-billion-pound aviation lawsuit withdrawn from England and ruled by a Russian court. As a result of sanctions imposed on Russia following their invasion of Ukraine, aircraft owned by leasing companies were stuck on Russian territory. UK and EU companies were banned […]