Advertise
Resources
Member, Beacon International Group, Ltd.
Total insurance claims from the capsizing of Costa Concordia off the Italian coast in January 2012 is set to touch $2 billion in 2014 because of difficulties faced during the salvage of the ship, insurance experts have said.
To date, insurers have paid out more than $1 billion, The Independent reported.
Carsten Scheffel, chief executive of Allianz Global Corporate & Specialty S.E., said "this will be one of the biggest single marine insurance losses in history."