Search FCS
Online Library Free Trial Newsletter Sign-Up Sign In
 

Train Derailments and Insurance

This article explores the insurance coverages associated with damages caused to homeowners and businesses as a result of train derailments.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Summary: Of morbid interest in recent news is the February 3rd train derailment in East Palestine, Ohio; it caused local towns to evacuate residents and at time of writing the EPA has ordered Nortfolk Southern to follow an approved remediation plan. If Norfolk Southern does not follow the plan, then the EPA will perform the remediation work itself and charge Norfolk Southern triple damages.

Train derailments often result in catastrophic losses to the railway company, its employees, the neighborhood, the environment, and overall to the country. For this reason, it’s good to have at least a general understanding of what is and isn’t covered from an insurance perspective.

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

Karen Sorrell, CPCU

 

Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Coverage Q&A: Landlord's Pipe Damages Tenant's Property- Who Pays? ›

Who pays for coverage when a landlord's busted pipe damaged a tenant's property?

Question of the Week Archive ›

Weekly Highlights

Emerging Risks ›
Litigation Watch ›
Fraud of the Week ›

Fast Things You Need To Know

Copyright © 2023 ALM Global, LLC. All Rights Reserved.