AIG unveils $1-billion railway insurance policy as crude-by-rail soars

As crude-by-rail shipments soar, insurance company American International Group Inc. AIG is offering rail companies a $1-billion U.S. cushion against catastrophic derailments.The casualty-liability policy offered by the New York-based company is believed to be the largest available, and is a sign of the perceived risks involved in the burgeoning business of moving oil by train.

via AIG unveils $1-billion railway insurance policy as crude-by-rail soars – The Globe and Mail.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s