Three shipping accidents in the past two weeks, with claims that could run into the hundreds of millions, could spell increases for ocean-marine insurance, according to industry sources.
The most recognized accident near the United States was a March 23 fire aboard Carnival Corporation's ship Star Princess that destroyed more than 100 cabins on the upper decks of the ship as it cruised in the Caribbean. One person died and 11 were injured in the blaze, which was believed to have been started by a cigarette.
The ship, with more than 3,600 passengers and crew on board, sailed to Jamaica. From there passengers were flown home. The loss of the ship during repairs will affect earnings, the company said.
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