Cruise ships need to tighten safety procedures

To prevent a repeat of the Costa Concordia shipwreck, probably the costliest marine insurance loss on record, insurers want tougher safety and training standards.

Ole Wikborg of the International Union of Marine Insurance says "In the past, we have raised and discussed a number of issues that will definitely come out of this investigation, like evacuation procedures, crew competence, stability issues, safe navigation issues. We welcome the opportunity to maybe make a change in the legal environment that regulates this type of business."

The Costa, a cruise liner carrying more than 4,000 passengers and crew, ran aground and capsized off the Italian coast. There have been questions on the quality of training as two out of three of the crew were entertainment and hospitality staff.