Claims from the Costa Concordia disaster are set to break through the $2bn (£1.2bn) barrier next year because of difficulties experts have faced salvaging the 114,500-ton liner, insurance experts warned today.
The ship capsized off the Italian island of Giglio while carrying 4,229 passengers in January last year, killing 32. Engineers have started removing the wreck, although it is anticipated to take several more months.
Insurers, including many in the Lloyd’s of London market, have so far paid out more than $1bn, although these costs are set to rise considerably. As well as insuring the ship’s hull, they are also on the hook for liability claims.
Costa Concordia insurance claim bill to rise The Independent