A former employee of the Long Island Rail Road (LIRR) pleaded guilty to falsely claiming he had inspected a part of a railway that an investigation determined was broken and contributed to a collision in Speonk, New York in 2019. …
Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns, sources said, even as the number of places available to stockpile oil is rapidly dwindling. Oil demand is expected to …
Liberty International Underwriters, part of Liberty Mutual Insurance, has appointed Robert Capicchioni to vice president of its U.S. Railroad product line. Previously, Capicchioni was underwriting manager in LIU’s Casualty group. In his new role, Capicchioni will be responsible for underwriting, …
Aon Risk Solutions, the global risk management business of Aon plc, announced that their proprietary Shortline Railroad Excess Liability Facility in London has been renewed through 2018. The Aon Shortline Railroad Excess Liability Facility, backed by the security of Lloyd’s …
American International Group Inc., the largest commercial insurer in the U.S. and Canada, introduced a policy to help railroads handle losses from catastrophic accidents as more crude oil is shipped by trains. The insurer is offering $1 billion per occurrence …
