Rail insurance coverage may not be sufficient for oil train crashes

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At the moment, the maximum available coverage per carrier, per incident is $1 billion. According to a recent Department of Transportation (D.O.T.) analysis of its own rules with regards to rail insurance, the majority of freight railroad policies would not even start to cover the complete cost of the damage that could be caused by a moderate accident involving an oil train, let alone a massive disaster. The database of the D.O.T. has flaws with regards to incidents involving oil trains. The reason that the database of the D.O.T. is…

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