Amtrak has obtained $275 million in insurance protection against natural disaster damage to its Northeast Corridor infrastructure, the railroad announced.
The railroad used a catastrophe bond to secure the coverage, which lasts just under three years and helps protect against the kind of infrastructure damage that Amtrak experienced during Hurricane Sandy in October 2012.
Read more from Progressive Railroading.
Related News
- SB 25-162
- SMART Mobile App Flyer
- Important Update for SMART-TD Members: New Version of the SMART Union Mobile App is Here!
- House Docket, No. 2682
- Ready For a Change, Connecticut Southern Railroad Joins SMART-TD
- Longtime ally of union workers elected minority leader of Railroads, Pipelines, and Hazardous Material Subcommittee
- Local #823 member killed in on-duty collision
- The Safety Of Our BNSF Brothers And Sisters Is Not For Sale!
- Tragic Collision in Pecos, Texas Claims Two Lives
- SMART-TD union announces the passage of the Railroad Employee Equity and Fairness Act (REEF)