Filed Under:Claims, Catastrophe & Restoration

Sunken Carnival Cruise Ship Creates Waves of Insured Losses

The luxury cruise ship Costa Concordia lies on its side after it ran aground near the island of Giglio, Italy on Jan. 13. (AP Photo/Andrea Sinibaldi, Lapresse)
The luxury cruise ship Costa Concordia lies on its side after it ran aground near the island of Giglio, Italy on Jan. 13. (AP Photo/Andrea Sinibaldi, Lapresse)

NU Online News Service,  Jan. 16, 10:37 a.m. EST

Cruise operator Carnival Corp. says it has insurance coverage for damage and could face losses of up to $95 million after luxury cruise ship Costa Concordia ran aground off the coast of Italy on Jan. 13.

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