The captain of the 114,137 gross ton, 952-foot long, 4,000+ person, six-year-old Costa Concordia cruise ship who ran it aground last month reportedly initially characterized the vessel as having suffered a “small technical failure.”

That “small technical failure,” however, turned out to be a large gash in the vessel’s hull sustained after it struck a rock, and resulted in the vessel’s grounding, emergency passenger evacuation, and the loss of at least 16 lives.

The types and amounts of liability and insurance coverage issues that will arise as a result of this incident will be significant, including claims for personal injury and death; property damage; environmental damage; employee claims; and criminal liabilities—to name but a few.

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