Maryland Transportation Authority receives $350 million payout from Key Bridge insurer

Whether or not the replacement Francis Scott Key Bridge will be fully federally funded — or if the state of Maryland will need to chip in 10% of it — remains to be seen, but one sizable payment that will cover a portion of the rebuild has already landed. The Maryland Transportation Authority received a $350 million insurance payout this month from Chubb, the Key Bridge’s insurer.