Monday, 6 August 2007
Insurance Industry Promises To Make Claims Without Delay After Bridge Collapse
The tragic collapse of a busy Minnesota bridge will lead to many insurance claims, but the insurance industry has promised they will pay out all claims without delay.
It’s expected that most claims will be for workers compensation, auto damage, and commercial property damage — in addition to the health and life insurance claims. There may also be claims for business interruption because of suspended barge traffic on the Mississippi River. But the insurance industry says they’re prepared.
“There will be no exclusions, it will all be coverable. The industry wants to take care of this in a timely manner,” said Mark Kulda, who is the vice president of public relations for the Insurance Federation of Minnesota.
Kulda also praised the work and response time of the rescue teams in Minnesota. He said within an hour of the collapse, 200 rescue teams were at the site.
“Everybody who could have been saved was rescued within an hour and a half,” said Kulda. “There was an immediate response with boats and rescue equipment. It was super organized.”
Most of the injured victims were taken to the Hennepin County Medical Center only 6 blocks away from where the bridge collapsed. According to Kulda, it’s Minnesota’s largest and best rated trauma facility.
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