Costa Survivors to Get $14K Each

Well, it's better than 30% off your next cruise: Costa Concordia survivors will each walk away with $14,400 in compensation, says an Italian tourism industry group. The payout covers damaged and lost property, as well as psychological distress, and includes reimbursement for the trip plus travel costs, CNN reports; it will be distributed to all survivors, whatever their age. The company is also establishing a counseling service.

Costa will provide separate compensation to injured passengers who needed immediate treatment and families of those killed in the disaster. Meanwhile, the search for the missing continues, with a 16th body discovered Tuesday. That leaves 16 others still missing. (More Costa Concordia stories.)