"Carnival will lose business from customers who were booked on future Concordia voyages, Zackfia said. There will be additional costs that are hard to estimate, she said. The company doesn’t have insurance that covers lost revenue or earnings from its ships or other operations, according to its most recent 10-K, filed in January 2011."
"Carnival carries insurance that covers a number of risks within certain limitations, according to the January 2011 filing. The coverage includes hull and machine insurance, as well as protection and indemnity policy that includes crew and passenger injuries, shipwrecks, damage to third parties and pollution.
The company also had practiced some self insurance in the past, according to Zackfia and to filings.
Carnival had no immediate response to requests for specifics of its coverage.
“This is a company that has a very strong, solid cash flow and balance sheet,” Zackfia said.
With U.S. markets closed tomorrow for the Martin Luther King Jr. holiday, Carnival will trade for the first time following the incident in London. Carnival fell 2.5 percent in New York on Jan. 13, valuing the company at $27.8 billion. The shares declined 29 percent last year."
http://www.businessweek.com/news/2012-01-14/carnival-ship-mishap-s-timing-may-exacerbate-loss-of-business.html"The full extent of Carnival’s liabilities as a result of the Costa Corncordia accident remains to be seen. The company’s insurance is a combination of self-insurance — a fund that it maintains for disasters — and policies with high deductibles, according to its financial disclosures.
“We are not protected against all risks, which could result in unexpected increases in our expenses in the event of an incident,” the company’s SEC filings say."
http://www.washingtonpost.com/business/industries/italian-disaster-unlikely-to-halt-growth-of-cruise-line-industry/2012/01/14/gIQAeMqDzP_story.html?tid=pm_business_pop