railroad News

Aon Launches Custom Liability Product for Railroad Industry

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 …

Aon Launches Excess Liability Facility for Railroad Business

Aon Risk Solutions, the global risk management business of Aon plc, has launched Aon Rail Excess Liability facility. The insurance facility was created in response to emerging risks arising out of requirements in the Rail Safety Improvement Act of 2008 …

ACE Launches New Railroad Insurance Unit

ACE Westchester, the U.S.-based wholesale-focused insurance division of the ACE Group, has formed a new railroad underwriting unit. The new unit will deliver railroad liability insurance products and services through a new product offering — ACE Tracks — specifically designed …

Common Type of Rail Car Has Dangerous Design Flaw

For two decades, one of the most commonly used type of rail tanker has been allowed to haul hazardous liquids from coast to coast even though transportation officials were aware of a dangerous design flaw that almost guarantees the car …

Dowdy to Lead Zurich North America Railroad Insurance Practice

Zurich announced that Jim Dowdy will add responsibility for its North America railroad insurance practice in addition to overseeing Zurich’s specialty lines property business. The company also appointed Ron Mathewson and Gary Linde as casualty underwriters supporting the railroad business. …

Schinnerer Launches Railroad Protective Program

Schinnerer has launched its Railroad Protective program to address the risks faced by businesses that own, manage or work on property that has a railroad line running across or near it. Most standard general liability policies exclude liability coverage for …