First Mutual Transportation Assurance Co. News

The Metropolitan Transportation Authority, which suffered $4.8 billion in damage from Superstorm Sandy last year, obtained $200 million of protection with bonds designed to guard against wreckage linked to storm surges.New York City’s subway operator is paying less than the …

The Metropolitan Transportation Authority plans to use bonds designed to help New York City’s subway operator guard against storm surge damage after suffering $4.8 billion in wreckage from Hurricane Sandy.The largest U.S. transit agency will buy protection from MetroCat Re …