The ripple effects from the Costa Concordia's disaster off the coast of Italy reached South Florida on Monday as a financial tidal wave for its Miami-Dade based parent company Carnival Cruise Line and its mover-and-shaker Chief Executive Officer Mickey Arison. 

Analysts predict the disaster will result in a loss of close to $100 million in earnings to Carnival Corp., including damage to the ship, which is insured; loss of use for future business; personal injury lawsuits; and possible environmental cleanup. 

Carnival is the world's biggest cruise operator with almost a dozen lines in its portfolio, 100 ships and 10 new ones on the way. 

Analysts calculate that Arison, who also owns the Miami Heat, personally lost $450 million Monday on paper as Carnival's stock fell on London's Stock Exchange almost 17 percent. United States markets were closed for the Dr. Martin Luther King Jr. holiday. 

"I think it’s a very serious incident for not only for Mickey Arison but for the cruise ship industry because it draws the attention to a major disaster and has raised a lot questions about the true safety when you go on board one of these cruise ships," said Miami-based maritime attorney Brett Rivkind.