Railroad Coverage For More Flood Damage

2018-05-24T21:02:08-05:00October 8th, 2016|Flood, Midwest Insurance Law Guide, Property and casualty, Railroad endorsement|

After Super Storm Sandy flooded Amtrak’s tunnels under the East River, the passenger railroad sought to obtain coverage under a number of all risk policies in effect at the time.  It wasn’t just the obvious water damage to Amtrak’s property.  Amtrak also suffered from chloride (salt) erosion of its cement and steel after the waters were siphoned off.  This corrosion would necessitate replacing track infrastructure at great cost – even [...]