IRVINE, CA — (Marketwire) — 01/16/12 — With the largest maritime disaster, the losses related to the Concordia sinking and its related impact on Carnival Corporation–s stock price, Berger Kahn Managing Partner Craig Simon is available to provide commentary to media on the implications of this disaster and how insurance will play a role in the disaster.
The parent corporation for Carnival has insurance coverage, but there is a $30 Million deductible for the ship damage, and $10 Million deductible for injury claims.
Just what caused this disaster? Was it all pilot error, or were their defects in the shipbuilding design or manufacturing that contributed to the ship–s sinking? The answers to those questions will impact whether Carnival will be able to recover some of the money it lays out personally to resolve claims and whether the insurance companies paying out millions or billions will be able to recoup their losses under a process called subrogation.
Simon has worked on court cases involving claims in the billions, including the San Bruno gas explosion and the fires of 2007 in San Diego where Sempra Energy–s subsidiary San Diego Gas and Electric paid out over $2 billion for fire damage. He has a wide insurance coverage and subrogation practice and can comment on the role of insurance in Carnival Corporation–s losses.
To set up an interview with Simon, contact: Jess Block, publicist, at 909-706-8525 or .
Berger Kahn, A Law Corporation, is a California-based law firm with practice areas such as insurance coverage and litigation, business litigation, labor and employment, serious personal injury and wrongful death, and subrogation. The firm has offices in Orange County, Los Angeles, San Diego, and the San Francisco Bay Area.
Craig Simon is the Managing Partner of Berger Kahn, A Law Corporation, and practices in the areas of insurance law, business litigation, insurance bad faith and subrogation. Simon was named a Top 50 Orange County Super Lawyer in 2010 and 2011, a Southern California Super Lawyer in 2009, 2010 and 2011 and a Top 100 Attorney in California in 2010 by the Los Angeles Daily Journal.
Jess Block
909-706-8525