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Insurance may not be enough to cover potential disasters

August 29, 2014 by Rob Hislop Leave a Comment

U.S. Transportation Department (DOT) regulators are concerned most freight railroad insurance policies are barely sufficient to cover even average oil train accidents, Politico reports. In an analysis published in early August, DOT reported most large railroads are insured at about $25 million for accidents, with others insuring up to $50 million for certain hazardous cargo. […]

Filed Under: International, News, Safety Tagged With: accident. Transportation Department, BP spill, derailment, Enbridge, insurance, Lac-Megantic, Montreal Maine & Atlantic Railway, National Energy Board, pipeline, Pipeline and Hazardous Materials Safety Administration, Quebec, Robyn Allan, spill, train, U.S.

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