2024-03-30 19:29:00
Washington: US. 25,000 crore loss to insurance companies due to the collapse of the bridge in the city of Baltimore. Even India’s Mars mission Mangalyaan cost Rs 450 crore.
Six people are believed to have died in the shipwreck. Experts say that the number of losses will rise further. Fixing the bridge’s collapse is not the only cost. Losses will continue to mount until the shipping lane is reopened. If calculated in this way, the total loss would exceed 1.25 lakh crore.
The bridge disaster in Baltimore will continue to pay out the largest single Myron insurance claim ever for a bridge accident.
Lloyds of London Chief Executive Officer John Neill said the disaster would be one of the biggest maritime losses in history. Insuring the port and the ship hit by the bridge will speed up the payment of damages. The Maryland Department of Transportation has so far asked the Biden administration for $500 million in emergency funds to help with debris removal and cleanup following the incident.
It is unclear how much insurance companies will pay for collisions. However, analysts at Barclays said that Rs 25,000 crore will have to be paid.
There is a loss of Rs 10,000 crore on the bridge alone. 291 crores and 600 crores will have to be paid to the families of those who died in the disaster.
Baltimore is the 14th largest port in the United States. Figures from the state of Maryland show that in 2023, 5.23 crore tonnes of foreign cargo worth Rs 6.73 lakh crore passed through Baltimore.
The closure of the port will have a negative impact on the global supply chain. President Joe Biden has announced that the federal government should cover the cost of rebuilding the bridge.
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