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Amtrak Takes Sandy Coverage Showdown To 2nd Circ.

By Jeff Sistrunk (August 18, 2016, 5:25 PM EDT) -- Amtrak will head to the Second Circuit on Friday to challenge U.S. District Judge Jed Rakoff's ruling capping its insurance recovery for more than $1 billion in Superstorm Sandy losses at $125 million, in a case that could impact policyholders' ability to secure coverage for losses tied to the aftermath of major storms, such as salt damage to rail equipment....

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