Concerns about falling temperatures and icy conditions on roads and sidewalks across the Northeast followed a late-season storm that plastered the region with sleet and snow. Tuesday’s powerful nor’easter paralyzed much of the Washington-to-Boston corridor, but fell short of the …
A late-winter storm is about to bury the eastern U.S. in snow. Airlines have canceled thousands of flights, wholesale power prices surged and natural gas futures rallied as the storm prepared to spin up the Atlantic Coast, threatening New York …
The Amtrak engineer involved in a deadly 2015 crash in Philadelphia, Pennsylvania, has sued the railroad, saying it failed to address reports that people were throwing projectiles at trains. Brandon Bostian, 33, said he was left disoriented or unconscious when …
Both maintenance workers killed by an Amtrak train near Philadelphia last year were on drugs when the crash happened, test results show, but that doesn’t appear to have factored into safety lapses and miscommunications being blamed for their deaths. Toxicology …
A U.S. federal judge on Thursday approved a $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court records showed. The settlement ordered by U.S. District Court …
The Washington, D.C.-based National Passenger Railroad Corp., better known as Amtrak, will pay $112,000 and provide other relief to settle a federal disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) on behalf of a Seattle-based Amtrak …
Amtrak has filed a federal lawsuit against a southwest Kansas feed yard, accusing it of gross negligence in relation to a train derailment that injured 32 passengers in March. In the suit filed by Amtrak and BNSF, the plaintiffs allege …
While property and casualty catastrophe bond primary issuance levels were “uncharacteristically low” in the fourth quarter of 2015, totals at year-end were only slightly lower than the all-time high levels reported in 2014, according to GC Securities, a division of …
Amtrak is getting $275 million of reinsurance protection from the capital markets for its wholly owned captive, covering storm surge, wind and earthquake perils, according to GC Securities. GC Securities, the capital markets arm of reinsurance broker Guy Carpenter, announced …
Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents. Terms of the settlement were not disclosed …
