Insurers Say Veolia Owes Them $146M From Train Crash Payout

Law360, New York (October 18, 2012, 12:55 PM EDT) -- Lloyd's of London and three other insurers lodged a suit against Veolia Transportation Inc. in California state court Wednesday seeking reimbursement of $146 million they contributed to a train crash settlement, arguing that they had no obligation to pay because an engineer was texting on his cellphone when the collision occurred.

Indian Harbor Insurance Co., Steadfast Insurance Co, Aspen Insurance UK Ltd. and Lloyd's claim that Veolia subsidiary Connex Railroad Inc. was aware that employees like engineer Robert Sanchez violated company policy by using cellphones on...
To view the full article, register now.