Baltimore Key Bridge Update, $350M Insurance Settlement Reached as High-Stakes Trial Loom
On April 2, 2026, a major milestone was reached in the litigation following the Francis Scott Key Bridge disaster. ACE American Insurance Company (part of Chubb) informed a Baltimore federal court that it has reached a $350 million settlement with Grace Ocean Private Limited (the ship’s owner) and Synergy Marine Group (the manager). This $350…
