How Many Insured Losses Drives the Francis Scott Key Bridge Collapse?
The collapse of the Francis Scott Key Bridge near the Port of Baltimore, Maryland is expected to drive up to $4 bn in insured losses
Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.