Costa Concordia to costa lotta insurance money

... as much as $1 billion, we're told. Or perhaps not quite so much. It is thought to be the worst maritime loss in history, to be covered by insurers which include Lloyd's XL.

Allegedly, "Officials at XL and London-based RSA declined to comment", although

"Pier Luigi Foschi, chairman of Carnival’s Italian subsidiary Costa Crociere, said the company is “very well covered” at a press conference in Genoa today."

No doubt, variations in the Concordia story will emerge that will be at odds with what has been written by the corporate media this week.

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