Costa Concordia disaster in Italy and travel insurance

The floundering of the Italian cruise ship Costa Concordia illustrates that it’s not only handy to have travel insurance when trying to replace a lost suitcase, it can also come to the aid of those who have to take an unexpected swim. When Captain Francesco Schettino steered his boat too close to the island of Giglio and “tripped” his way into a lifeboat, his stranded passengers had to fend for themselves and leave their possessions…