Wrecked cruise ship has $490m net value
Costa Concordia owner Carnival has announced the wrecked cruise ship has a net value of $490m (£312m) and that the firm has insurance coverage of around $510m (£324m).
Damage excesses total $40m, while the firm self-insures for loss of use.
For more on the Concordia fall-out, read our analysis: Ten things the London market can learn from Costa Concordia.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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