Railroad Coverage For More Flood Damage
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 [...]