Aon Risk Solutions, the global risk management business of Aon plc, has launched a new product designed to support the railroad industry, including Class I railroads. Called the Cantilever Excess Pollution Liability product, this new offering addresses the railroad industry’s need for insurance coverage to adequately protect the communities and environment where railroads operate.
The coverage is designed to address specific environmental incidents and is applied over and above railroads’ existing insurance policies to appropriately insure transportation of hazardous or environmentally sensitive products.
According to Veronica Benzinger, managing director and chief broking officer for Aon Risk Solutions’ Environmental Services Practice, the product is designed to respond to the railroad industry’s risk management needs and community objectives. It was developed in conjunction with carrier partners to establish an exclusive arrangement to provide this coverage to interested Aon clients.
Topics New Markets Pollution Aon
Was this article valuable?
Here are more articles you may enjoy.
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
Viewpoint: Beware These Commercial Auto Endorsements! 
Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion 
