Oil Spill Derailments Pose Challenge For Insurers

Law360, New York (March 5, 2014, 5:38 PM EST) -- In the past year alone, five fiery oil train derailments have made front-page news by causing both catastrophic bodily injury and property damage in rural towns across Canada and the United States, including the 74-car freight train crash in Lac-Megantic, Quebec, in July 2013. These rail disasters have resulted in the tragic loss of life, catastrophic bodily injury, the destruction of homes and businesses and pose a threat to the environment.

In the aftermath of these disasters, questions of whether and to what extent insurance policies...
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