""What we really need is a public groundswell," said Jim Mathews, President and CEO of the National Rail Passengers Association. "You need the public to comment in the docket and send letters to their members of Congress ... Regular people [need to know that] train services are potentially threatened because very safe train operators, who have never had a wreck, are facing the reality that their insurance is going to go up - just because the law says it has to. And the insurance market doesn't want to do it.""
"The rail industry's looming insurance crisis traces back to 1997, when the Amtrak Reform and Accountability Act first mandated that railroads secure $200 million in excess liability insurance to cover..."
The commuter railroad industry faces a crisis with the upcoming federal passenger rail liability cap, requiring operators to secure millions in additional insurance or halt services. The insurance market struggles to provide these policies, exacerbated by climate change-related claims. The liability caps imposed by Congress do not reflect the actual safety of rail travel, which is statistically safer than cars. Advocacy for public awareness and action is crucial to prevent disruptions in train services.
Read at Streetsblog USA
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