image credit: Pxhere

Yellen Sees Insurance Payouts Helping Fund New Baltimore Bridge

March 28, 2024

Treasury Secretary Janet Yellen said she expects insurers’ payouts to help cover some of the costs of rebuilding the Baltimore bridge that collapsed earlier this week.

“My expectation would be that, ultimately, there’ll be insurance payments in part to cover this,” Yellen said in an interview on MSNBC Wednesday. “But we don’t want to allow worrying about where the financing is coming to hold up reconstruction.”

Read More on Insurance Journal