Costa Cruises Offers $14,460 a Person for Italian Ship Wreck

Almost two weeks after the Costa Concordia cruise ship sank off the coast of Italy, leaving at least 16 people dead and 19 missing, Costa Cruises is offering uninjured passengers $14,460, or 11,000 euros each to compensate for mental trauma and lost baggage. Costa Crociere S.p.A., doing business as Costa Cruises, which owned the cruise ship that carried about 4,200 people, announced the agreement on Friday. The company negotiated with Italian consumer groups who say they represent 3,206 cruise...Full Story
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