Wiggin and Dana Marine Insurance Partner Quoted in SNL Insurance Daily

January 20, 2012
Wiggin and Dana Marine Insurance Partner Joseph Grasso, outside counsel for the American Institute of Marine Underwriters, was quoted in the January 20 issue of SNL Insurance Daily article "Constructive total loss, fuel leakage are cruise ship insurers' worst nightmare." The article discusses the Costa Concordia grounding off the west coast of Italy and how it may turn out to be the largest marine loss on record. Mr. Grasso commented that the loss would be significantly larger if the fuel tanks on board the ship ruptured and polluted a nearby marine park. "So far I haven't read anything that suggests that is occurring, but that is certainly the biggest concern."