Insurers Push For Coverage Limits In Amtrak's $1B Sandy Suit

Law360, Los Angeles (January 9, 2015, 5:35 PM EST) -- A slew of insurers asked a New York federal court overseeing Amtrak's coverage suit over more than $1 billion in losses tied to Superstorm Sandy to find that a storm surge that filled several of the rail giant's tunnels constituted flooding subject to sublimits in the relevant policies.

The insurers, including Federal Insurance Co. and Lexington Insurance Co., urged the court to reject Amtrak's argument that only one of the policies at issue defines storm surge or wind-driven water as flood and potentially limits the rail giant's claim to a $125 million flood sublimit.

"That argument — that storm surge is...

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