(GIGLIO, Italy) — The company that owns the Italian cruise ship that ran aground off the coast of Italy earlier this month announced on Friday that it is offering passengers 11,000 euros — roughly $14,500 — in compensation for any loss or damage of property and psychological trauma they may have incurred.
Costa Cruises also said it would refund passengers the cost of the cruise, as well as anything they spent on travel or medical care following the crash.
Since the luxury ocean liner Costa Concordia keeled over on Jan. 13, 16 people have been confirmed dead and another 16 are still missing.
Copyright 2012 ABC News Radio
Elizabeth Cohen, CNN Newswire
Andreas Preuss and Joe Sutton, CNN