The incident, however, will influence various business lines including marine liability and hull, property, cargo, and business interruption. In the long term, unexpected events with multi-billion dollar repercussions, whether natural or man-made, may shape insurers’ risk appetites and underwriting capacities. This, in turn, could lead to positive pricing trends and contribute to market hardening, particularly within the marine insurance sector.
Baltimore bridge collapse to have limited impact on reinsurers – Fitch
- Niki Wilson
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