Baltimore Bridge Collapse to Trigger Massive Marine Insurance Losses: Lloyd’s of London

Baltimore Bridge Collapse to Trigger Massive Marine Insurance Losses: Lloyd’s of London

The Baltimore bridge collapse could trigger billions of dollars in insurance losses, the chairman of Lloyd’s of London said. “The tragedy has the capacity to become the largest single marine insurance loss ever,” Bruce Carnegie-Brown told Reuters. The insurance market’s CEO John Neal also warned the disaster could lead to billion-dollar losses. Thanks for signing…

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Finance officials blame Ottawa as N.B. MLAs question massive surplus revisions

Finance officials blame Ottawa as N.B. MLAs question massive surplus revisions

New Brunswick finance officials faced questions from MLAs over a string of surpluses significantly higher than first forecast in recent years. The officials who appeared before the legislature’s public accounts committee Wednesday pointed to the federal government as the source of the discrepancy between initial revenue estimates and final figures. Cheryl Hansen, the province’s top…

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