The Costa Concordia and the Implications for Marine Insurance Modest Money4 Comments

High-profile maritime disasters like the loss of the cruise liner Costa Concordia off the coast of Italy make headline news, but the ramifications continue long after the media interest has moved on.

None of us who saw the news coverage will forget the shocking images of the huge ship lying on her side near the tiny harbour on the island of Giglio, or the hundreds of passengers stranded on the overturned hull. The accident cost the lives of 32 people and left many more traumatised by their experience.

As well as the high personal cost there are also serious consequences for the shipping industry, not least in terms of the potential impact on the complex area of marine insurance. This specialist cover plays a critical role in underpinning all of our maritime trade and leisure activities.

The 114,500 ton Costa Concordia is the largest and…

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By : Adam | 3 Feb 2015
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By : Adam | 28 Jan 2015

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