It has been estimated that the economic impact of the Port of Baltimore closure in the wake of the Frances Scott Key Bridge collapse was roughly $15 million a day. (Credit: AFC Vixen via Wikipedia Commons)

Chubb is set to pay the State of Maryland $350 million as part of its coverage of Baltimore's destroyed Frances Scott Key Bridge, multiple news sources have reported, citing the policy's broker.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].