Costa Concordia

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Costa Concordia insured loss rises again, close to $2 billion

The total insurance industry loss from the wreck and salvage of the stricken cruise ship Costa Concordia looks set to get very close to the $2 billion we reported was likely over a year ago which could increase any impact on ILS or ILW instruments.Back in December 2013 we wrote read the full article →

Costa Concordia insured loss could reach $2 billion

Due to difficulties faced during the salvage of the stricken cruise ship Costa Concordia the total insured loss from one of the most costly marine disasters in history look set to rise, perhaps to greater than $2 billion, according to reports.A report in the Independent newspaper yesterday suggested that the read the full article →