Canada railway insurance News

Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada’s second-largest rail operator said on Thursday. Currently, there are no requirements in …

Canada should force railways to take out enough insurance to ensure they can cover damage caused by major incidents, the Canadian Senate said on Thursday in a report issued after last month’s train disaster in Quebec, which killed 47 people. …