Insurers Face Billions in Baltimore Bridge Claims, Barclays Says

Insurers face claims of as much as $3 billion following Tuesday’s collapse of the Francis Scott Key Bridge in Baltimore, with firms on the Lloyd’s of London market most exposed, Barclays Plc analysts said.

Insurance claims for damage to the bridge alone could reach $1.2 billion, the bank said in a note, predicting further potential liabilities of $350 million to $700 million for wrongful deaths and yet-to-be-determined amounts for business interruptions while access to the city’s port is blocked.

“While the incident still has to be investigated, we believe it has potential to become a significant insurance claim, particularly in ...