Costa Cruises is offering uninjured passengers from the wrecked Costa Concordia ship a lump sum of11,000 euros (USD $14,546) per person to compensate for mental trauma and lost baggage
“The loss expenditure from marine hull insurance will be in the region of EUR 30 million (CAD $39 million) for the company’s net account,” said reinsurer
The capsizing of the Costa Concordia on January 13, 2012 has been the focus of many this week. At least 11 of the 4,200 passengers have been confirmed dead and loss estimates are hovering around between $500 million and $1 billion. The wreckage of this ship off the coast of Italy is the newest in [...]
The capsizing of the Concordia in the waters off Italy comes at the start of a three-month period that is the busiest time of year for bookings, known in the industry as wave season
Dutch maritime salvage company SMIT will be removing the nearly 2,400 tons of fuel from the wrecked Costa Concordia in the coming weeks
Company reports it has insurance coverage for damage to the vessel with a deductible of approximately $30 million, additional deductible of $10 million for third-party personal injury liability but self-insured for loss of use
Sources say ship, which cost EURO 450 million to build in 2006, will be a total loss
The risk of a fire is greater on the lower floors for apartments, hotels and motels, and facilities that care for the sick, but greater on the upper floors for office buildings
“Based on our continuing research, the actual death count here may be as high as 18,000, with influenza and pneumonia, which were up five-fold in the period in question as a cause of death,” says study author
View the video here on your mobile device. Each December and January, firefighters across North America respond to an average 500 home fires that started with Christmas trees. Recent figures from the US-based National Fire Protection Association say that the average 260 house fires involving Christmas trees cause 14 deaths, 26 injuries and $13.8 million [...]
The settlement includes $46.5 million in criminal restitution to the miners’ families, $128 million for cutting-edge mine-safety improvements, research and training, and $35 million in penalties for years of safety violations at Upper Big Branch and other mines operated by Massey
BP had implored the U.S. court to rule that it was covered under Transocean’s insurance policies, even though the contract between the parties stipulated that BP would assume responsibility for any spill costs
The latest technology in the field of Non-lethal capabilities ranges from blunt force weapons to pyrotechnics and are meant to control crowds, to neutralize vehicles or to incapacitate individuals without killing them. And the demand for
these less-lethal weapons is growing.
View the video here on your mobile device. Narrator: The remains of a car after it has been blown up by a so-called IED, an improvised explosive device. No, this is not Afghanistan. This is the rugged landscape of Iceland. Here, the former US Base in Keflavik forms the background to the multinational bomb disposal [...]
Insurers who sued for money paid in claims should recover triple damages under U.S. Anti-Terrorism Act said Federal Magistrate
The SS Gairsoppa sank in 1941 carrying a reported cargo of up to seven million ounces of silver.
Each nation is “absolutely liable to pay compensation for damage caused by its space object on the surface of the Earth or to aircraft in flight.”
A key federal report laid much of the blame on BP for the worst offshore oil spill in U.S. history and the deaths of 11 rig workers, particularly with regard to the cement seal that was put in place the day before the explosion that triggered the spill
“My office-mate was killed. The gentleman sitting in my chair was killed. Two people in the meeting I was in were killed . . .”
Colonel Marilyn Wills
