The Maryland Transportation Authority has $350 million in insurance per occurrence for property damage, including to bridges, and for business interruption, it said in a recent statement related to a bond sale.
"I've directed my team to move heaven and earth to reopen the port and rebuild the bridge."
President Biden responds to the Baltimore bridge collapse, saying the US government should pay to rebuild a major bridge in Baltimore that collapsed Tuesday https://t.co/iP0HNB6Il2 pic.twitter.com/GXWFweJCpn— Bloomberg (@business) March 26, 2024
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