HNRK Coverage Corner
Chubb Prepares to Pay $350 Million to State of Maryland for Baltimore Bridge Collapse
Posted in Insurance Coverage
As policyholder counsel, we’re predisposed to look at insurers with a jaundiced eye. So, we were pleased to read reports that Chubb—the insurer for Baltimore’s Francis Scott Key Bridge, which collapsed on March 26—is preparing to make a prompt $350 million payment to the State of Maryland.
Where coverage and a loss far exceeding the coverage limits are clear, there is no good faith reason to delay payment. Good to see an insurer doing the right thing.
- Partner
Bradley Nash represents policyholders in insurance disputes and other parties in complex commercial litigation in state and federal courts in New York and across the country. Brad focuses his practice on insurance recovery for ...
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