Insurance coverage for Montreal, Maine and Atlantic Railway Falls Far Short of the Estimated Clean Up Costs.

Updated 1 year ago

Insurance coverage for the railroad company involved in the deadly train derailment in Quebec last month falls far short of the estimated clean up costs.The Portland Press Herald reports liability insurance for Montreal, Maine and Atlantic Railway covers up to $25-million dollars.Right now cleaning up the damage is expected to cost about $200-million dollars.The company’s also expected to face claims from relatives of the 47 people killed when the train carrying crude oil exploded in Lac-Megantic.The owners of 30 buildings that were destroyed will probably seek payment, too.


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