StockMarketWire.com - Lancashire Holdings expects losses of around $35m from the Costa Concordia cruise ship tragedy.
The company says this is based on an industry loss of $850m.
Lancashire said that due to the preliminary nature of reports and estimates of loss to date, the actual loss may vary materially from this estimate.
As the investigation of the loss continues, the company will provide further updates as necessary.
Story provided by StockMarketWire.com
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