Amtrak Sues Insurers to Recoup Millions for Sandy Losses

 Friday, September 26, 2014

 Insurance Journal

Amtrak filed a lawsuit last week against more than a dozen insurers, claiming that the railroad operator is entitled to recoup additional proceeds for Superstorm Sandy losses from its insurers. “Amtrak has filed a lawsuit against its insurance companies for failure to stand by the terms of our policies for the significant property damage that followed Superstorm Sandy,” Amtrak’s spokesman Steve Kulm said in a statement.The unprecedented weather event had substantial impact upon critical Amtrak infrastructure in and around New York City, including inundating with corrosive saltwater both the Hudson River tunnel and the East River tunnel, he said.
CatastropheLitigationPropertyOcean Marine
BROWSE RELATED NEWS ARTICLES