Maryland is set to rebuild the iconic Francis Scott Key Bridge within the next four years, aiming for completion by fall 2028. This ambitious project carries an estimated cost ranging between $1.7 billion and $1.9 billion. The rebuild follows the bridge’s collapse on March 26, caused by a collision with the Dali container ship, leading to extensive damages and raising critical questions about maritime insurance and liability. Key Details of the Key Bridge Rebuild Plan David Broughton, spokesperson for the Maryland Department of Transportation, emphasized the significance of the project.…
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AIG requests more time before Bill Cosby legal fee payout
The insurance company is seeking more time because its appeal about an April ruling is still pending. AIG has asked for more time before being required to pay the Bill Cosby legal fees associated with the controversial lawsuits launched back in 2015. At the moment, AIG is required to pay over $675,000 to the celebrity to cover his legal costs. AIG Property Casualty Company says it is entitled to more time before the Bill Cosby legal costs are settled as an appeal to a previous ruling on the subject is…
Read MoreKanye West insurance payout could reach $30 million
The performer cancelled the rest of his tour as a result of reported mental health problems. Media reports suggest that the Kanye West insurance payout could be as high as $30 million following his tour cancellation. The hip hop celebrity announced the cancellation of the remainder of his tour as a result of health struggles. He was hospitalized last week following an incident while he was at his trainer’s house. Reports indicated that the police had been initially called for a domestic disturbance, later deemed a medical emergency. The star…
Read MoreLife insurance requirements are greatly underestimated by consumers
According to recent research, the average policyholder should have $46,000 more coverage than they have. The majority of people who should be covered by a life insurance policy don’t even have one, but among those who do, the results of a recent study have suggested that they have typically underestimated the amount that they actually need. This means that if the worst should actually occur, the insurance payout may not be enough to cover beneficiary needs. SunLife recently conducted a study that has shown that the average payout from a…
Read MoreWoman admits to murder to collect life insurance benefits
Crystal Williams has been accused of killing her husband, Shane A. Williams, to receive a policy payout. A South Carolina woman named Crystal Williams has been accused of murdering her husband, Shane Williams, in order to be able to collect on the benefits from his life insurance policy. Williams has now pleaded guilty to the charges of conspiracy and murder in her husband’s death. Initially, the woman claimed that she had been sleeping at the time when her husband had been shot and killed by an intruder. Deputies had been…
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