Double-digit rises across all layers of $3.1bn IG tower in wake of Baltimore
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Double-digit rises across all layers of $3.1bn IG tower in wake of Baltimore

Underwriters are broadly pricing on the basis of a $1.5bn Baltimore claim, but there is uncertainty.

By Samuel Casey
October 18, 2024
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The deadly collapse of Baltimore's Francis Scott Key Bridge could rival or beat the maritime industry's largest-ever financial loss, with insurance claims expected to reach $1 billion or more. (Jerry Jackson/Baltimore Sun/TNS)

Double-digit rate rises have been agreed between lead market Axa XL and the International Group of P&I Clubs on its $3.1bn

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News Specialty lines Marine Axa XL Miller Aon
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