Insurers Appeal $3.4M CSX Award Over Katrina Damage

Law360, New York (November 9, 2009, 12:38 PM EST) -- Several insurers of CSX Corp. — including American Re-Insurance Co., Hartford Fire Insurance Co. and Faraday Capital Ltd. — are appealing a lower court's order to reimburse the railroad operator for $3.4 million it spent to replace two locomotives destroyed during Hurricane Katrina.

In two separate motions filed Oct. 30 and Friday, American, Hartford and Faraday, along with North River Insurance Co., Westchester Surplus Lines Insurance Co., Landmark American Insurance Co. and Aspen Insurance UK Ltd., sought to appeal the U.S. District Court for the Middle...
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