$14,000 Compensation Not Wanted by Wrecked Cruise Ship Passenger

It has been on the headlines repeatedly about how an Italian cruise ship, Costa Concordia, hit rocks off the coast of Italian and resulted 14 death.   The ship is now partially submerged and clean-up is expected to last at least 10 month.    Survivors of the incident are now being offered $14,000 in compensation plus the cost of the loss of their possessions.   Most, if not all, have refused the payout.   Several passengers and crew members have filed lawsuits against Costa Crociere , Italian company that sailed Costa Concordia, and Carnival Cruise Lines, which is based in the United States.

Carnival is already reporting that it net income for the 2012 fiscal year will drop from $175 million to $155 million.




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