Lawsuits and insurance claims are already flowing in the aftermath of the Key Bridge collapse.

WMAR-2 News has learned Chubb, the company who insured the Key Bridge, is reportedly preparing a $350 million payout to the state of Maryland.

The development was confirmed by a spokesperson with WTW, the brokerage firm handling the Key Bridge insurance policy.

It's unclear when the payment will be made, but WTW expects it to be worth the full policy amount, estimated to be around $350 million.... Read More: WMAR2NEWS