- Reuters
UPDATE 1-Lloyd's insurers expect moderate Baltimore bridge claims
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Hiscox does not have direct exposure to the business interruption policy of the port, which is the busiest in the United States for auto shipments, or the property policy covering the bridge, the insurer said in its first-quarter trading statement.
- Reuters
Lloyd's insurers expect moderate Baltimore bridge claims
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Hiscox does not have direct exposure to the business interruption policy of the port, which is the busiest in the United States for auto shipments, or the property policy covering the bridge, the insurer said in its first-quarter trading statement. Hiscox said it was one of the reinsurers on the International Group of P&I Clubs' ship reinsurance policy, but said it expected its net loss to be "moderate", without giving further explanation.
- Reuters
CORRECTED-UPDATE 1-Lloyd's of London inadequate on ESG, report says
The Lloyd's of London insurance market's environmental, social and governance standards are weak, as its members have exposure to fossil fuel projects and weapons, non-profit ShareAction said in a report on Thursday. Lloyd's community of more than 50 members collectively forms one of the world's biggest commercial insurers. Lloyd's came third from bottom in a table of 29 global property and casualty insurers for responsible underwriting and investment performance.
