Скачать или смотреть US Rail Liability: Amtrak, Brightline Benefit from HR 5697

Ever wonder how railroads deal with big insurance bills? Well, here's the scoop! U.S. Representatives just introduced a new bill called the Passenger Rail Liability Adjustment Act. This bill gives railroads more time to get their insurance sorted. Right now, they only have a month when the government adjusts the liability cap, which is like a safety net for accidents. This cap is currently set at $323 million, but is expected to jump to around $400 million by 2026 due to inflation. The new bill proposes extending the insurance period from 30 to 90 days. This will help commuter systems, Amtrak, and Brightline. So, it's all about giving these rail services a bit more breathing room!

U.S. lawmakers propose extending the timeframe for *railroads* to secure liability insurance. The Passenger Rail Liability Adjustment Act aims to ease coverage procurement challenges.

#RailLiability #TrackProgress #PassengerRail #Amtrak #Brightline #RailIndustry

https://www.railwaynews.net/us-rail-l...