The company that insured Baltimore’s Francis Scott Key Bridge has reached a $350 million settlement with the owner and operator of the cargo ship that hit the bridge in 2024.
The settlement for ACE American was revealed with few details in Baltimore federal court on Thursday during a status hearing regarding the lawsuit the insurer and others have against the Dali’s owner and operator for damages.
$350 million is the same amount ACE American paid out to Maryland less than two months after the collapse…