As trial nears for Baltimore’s Key Bridge collapse, insurance company settles with ship owner

ACE American Insurance Company, the business that paid out $350 million to Maryland after the Francis Scott Key Bridge collapse, just settled its case with the owner of the ship that hit the bridge.

The two parties announced their agreement at a hearing of the U.S. District Court of Maryland Thursday as the parties involved in the case met to schedule the trial for the case.

There are more than 50 parties suing Grace Ocean Private, the owner of the ship that hit the bridge, and Synergy Marine Group, the ship’s manager…

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