Cruise ship disaster costliest in maritime history
The Costa Concordia crash could be the biggest insured loss in maritime history.
Industry analysts and experts have suggested that some insurers and mutual societies could be left facing $1bn (£650m) in losses, following the accident which has left at least seven dead and dozens more injured.
There are two groups liable in maritime insurance cases – clubs of cruise ship companies that insure each other for personal injury, shipwrecks and environmental damage, and the various insurers which underwrite the ship.
The Costa Concordia is insured for $513m by companies including
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