The Week in a Minute, Feb. 3, 2012

  • Costa Concordia: The search for survivors ends; the lawsuits ($460M) begin.
  • Late last week, Towers Perrin released its annual survey of tort costs. Thanks to Deepwater Horizon ($19B), costs rose 5.1%. Without that disaster, they would have fallen 2.4%.
  • Earnings season in full swing, with perhaps the biggest news that Munich Re 2011 profits fell more than 70%. Of course, given all the catastrophes last year (Japan, Thailand, NZ, US tornadoes and some stuff I doubtless missed) and the Eurozone crisis, that could be seen as relatively good news.

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