When considering
the 'what ifs,' and 'what could go wrong' questions, absorb what has happened in the wake of the recent Canadian oil train tanker catastrophe. The government is shutting down the US-headquartered rail operation responsible because t
he company's insurance is insufficient to cover the damages.
It appears as if the company has
about 10% of the coverage it might need.
The company said its insurance was not sufficient to cover liabilities
of up to C$25m ($24.2m; £15.7m), when the clean-up costs may well exceed
C$200m.
No comments:
Post a Comment