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Costa Concordia Captain Francesco Schettino was convicted by an Italian court three years after the cruise liner capsized near the Tuscan coast, killing 32 people.
Insurance broker Willis Group on Tuesday reported fourth quarter and full-year 2014 results, with quarterly earnings that exceeded Wall Street's expectations.
Price optimization refers to an insurers practice of varying premiums based upon factors that are unrelated to risk of loss in order to charge each insured the highest price that the market will bear.
A test following last weeks deadly plane crash showed the pilots needed more training in emergency procedures. A further 19 pilots, who havent yet been tested, also wont be allowed to fly for now.
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