Daily Digest: Insurers face billion-dollar Baltimore payout, Guy Carp's Enoizi on cat risk, Global legacy reserves exceed $1trn

Catch up on the essential news and analysis from the Insurance Day experts

Marine insurers face billion-dollar payout on Baltimore bridge collapse The US government has pledged to meet the full cost of rebuilding the road bridge in Baltimore destroyed after being hit by Maersk-operated boxship Dali in the small hours of Tuesday morning. But while Joe Biden made a commitment to “move heaven and earth to reopen the port and rebuild the bridge as soon as humanly possible”, he notably did not preclude seeking a refund from insurance companies.