Insurance Seminar: Costa Concordia Disaster

June 22, 2012

The Bermuda Insurance Institute is holding a Marine Insurance Seminar next month on “The Costa Concordia Disaster“, which they said is a “must see” for anyone interested in the specialty insurance world of Marine coverages in the context of a real life disaster.

In January of this year the Costa Concordia cruise ship ran aground off the western coast of Italy, when its hull was torn open after striking rocks. At least 30 of the passengers and crew were killed, and the ship’s captain, Francesco Schettino was arrested.

The presentation will be given by Marine specialist underwriters who will discuss the following: Overview of proximate and contributing factors to the accident; Detailed description of the vessel; Hull insurance coverage implications; P&I insurance coverage parameters; Description of the International Group of P&I associations; Current Insured Market Loss estimates; Summary on Captain Schettino.

The seminar will be held on July 6, 2012 from 8:45 a.m. – 11:00 a.m, more information and registration is available here.

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