View this article online: https://www.insurancejournal.com/news/international/2000/05/31/10325.htm
Norway’s Skuld Insurance Group has offered a $3.3 million compensation package to the families of the16 victims and to the 69 survivors of the sinking of the catamaran ferry, Sleipner, which hit a reef and sank near Boemla Island 250 miles west of Oslo last November.
Reflecting applicable Norwegian law the company said it would pay a minimum of $83,300 to those who had lost a spouse, $40,277 to children who had lost a parent, plus an additional $1300 a year until age of 18. Parents were to receive $22,200 for children under 25, and $ 11,100 for older children.
All survivors would receive at least $17,800. While Skuld said it would consider higher claims, the settlement offer was generally recognized as conforming to Norway’s damage law in such cases, and attorneys for the survivors and victims’ families recommended that the offer be accepted.