The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge's broker. The $350-million payout could be the first of many related to the disaster that analysts have said might cost insurers up to $4 billion, making it a record shipping insurance loss. The tragedy that killed six people occurred after a Singapore-flagged container ship collided with the landmark bridge.
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The Oklahoma Insurance Department (OID) has released information warning consumers of unlicensed insurance providers offering “package protection” that includes