At Least 100 Million in Insurance Claims from Washington Train Crash
The Washington Metro crash last month (the area’s deadliest to date) that killed 9 people and injured 76 others will cost the insurance company American International Group Inc., insurers at Lloyd’s of London, and several other companies, at least $100 million in claims. The exact amount is not known yet and hinges on a few factors such as loss of expected lifetime earnings, estimates of medical care, and the degree of the Washington Metropolitan Area Transit Authority’s negligence.
This high cost will most likely prompt insurers to raise their rates on coverage. A Manager for a New York based broker Marsh & McLenna Co. Insurers’ said, “Underwriting criteria will get more strict.” And this in turn may prompt the transit agencies to buy new safer equipment. Washington, DC officials have ordered an “urgent” review of the Metro rail system in order to ensure that trains do not crash.
Operating several thousand tons of moving train cars requires the utmost concentration and diligence. Yet all too often, operator negligence and defective train parts are found to be at the root of a train accident. Although much is made of the operator’s responsibility for the safety of passengers and the general public, a large team of professionals are also involved in keeping a train running safely. Investigators are continuing their efforts to determine the exact reason of this tragic train accident which should not have happened in the first place.
At the Mandell Law Firm, our Chatsworth train collision attorneys understand that the recent rise in train accidents, not just in Washington, DC, but the Nation’s deadliest train accident which happened here in Los Angeles, has many Californians concerned. The Mandell Law Firm has the experience that is required to effectively pursue all types of personal injury cases, including serious train injury. We will thoroughly investigate every element of your claim to make sure that your rights as a train injury victim are protected at all times. Please call the Mandell Law Firm today at 1-818-886-6600 for a free consultation.
Source report:http://www.bloomberg.com/apps/news?pid=20601087&sid=aHTaxTWmLmzY#
