Costa Concordia raises insurance price in 2014
While the price for the Costa Concordia wreck - one of the biggest and most expensive shipwrecks in history - has increased month by month, the same development has taken place with the premiums on carriers' liabilities.
BY TOMAS KRISTIANSEN
90 percent of the global market is gathered under the 13 P&I clubs that, through insurance and re-insurance, reduce the risks for the individual company, but the carriers will not be spared having to pay higher premiums to cover financial "hole" left by the Costa Concordia incident.
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