The collapse of the Francis Scott Key Bridge in Maryland is a multi-layered tragedy: For the families and friends of those killed or presumed dead, it’s a profound and personal loss. For businesses relying on the Port of Baltimore, it’s an economic nightmare.
A crane is seen near the wreckage of the Francis Scott Key Bridge on Friday, March 29, 2024 in Baltimore. A cargo ship rammed into the major bridge in Baltimore early Tuesday, causing it to collapse in a matter of seconds. A person views from Fort McHenry a container ship as it rests against the wreckage of the Francis Scott Key Bridge, Thursday, March 28, 2024, in Baltimore.
In federal court, the lost lives and damaged property will be stripped down to a matter of dollars and facts: Were the people or businesses whonegligent in some way? Was anyone else partly responsible? How much will it cost to replace the bridge and make the families of the victims financially whole?Enrique Serna, an attorney who specializes in representing immigrant laborers and others hurt on the job, said his firm was contacted by some of the victims’ families shortly after the collapse,...
Sommer said he hasn’t yet contacted his insurance company to ask if his policy covers losses related to the Baltimore port’s closure. But for other very expensive losses — like major environmental damage or disasters like the bridge collapse — large vessel owners turn to something called “Protection and Indemnity” or P&I insurance.
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