Risk on the Rails

Panko, Ron
December 2008
Best's Review;Dec2008, Vol. 109 Issue 8, p28
Trade Publication
The article reports that out of the 33 million total carloads of freight moved each year in the U.S., railroads carry about 1.8 million hazmat carloads. The railroad freight industry is forced to transport hazardous materials such as chlorine and anhydrous ammonia. However, liability insurance is expensive and limited. Without the Markel Corp.'s Jim Cunningham and other liability underwriters, railroad operators could not protect themselves against the risks of transporting toxic materials.


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