Insurance news in Canada has increased coverage requirements for oil trains

rail insurance news industry train transportation

The country is now demanding that rail vehicles transporting oil must have additional protection against spills and explosions. According to the Transport Minister of Canada, Lisa Raitt, has made an insurance news announcement that has said that the country will be increasing the amount of coverage that railways will be required to carry when they are transporting crude oil. Shippers will also have a levy imposed upon them in order to help to pay for the cost of major accidents. This insurance news comes at a time in which the…

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