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Excess Liability Market: A Real Risk for Railroads
Manage episode 358475128 series 2833088
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In this episode of Commuter Rail Conversations, Coalition CEO, KellyAnne Gallagher and John Cline, of Cline Strategic Consulting and CRC’s Director of Government Affairs, discuss the impacts of excess liability requirements on commuter rail roads. They are joined by special guest Otis Tolbert. Otis is the Managing Director and Global Practice Leader of Aon’s Rail and Transit Practice. He has been with AON since 1998 and has served clients as a strategic advisor on complex risks. As Global Practice Leader, Otis has responsibility for thought leadership, product innovation, strategic direction, and financial performance of one of Aon’s oldest industry segment practice groups; rail and transit.
Excess liability requirements for commuter rail roads have shifted due in part to existing US policy as well as shared use agreements with freight, PTC, and other considerations. The impacts to the industry are significant and, should our commuter railroads find themselves unable to meet the increasing coverage requirements, could leave our passengers stranded at the platforms.
Listen in to hear from the experts about what’s happening, potential solutions, and an understanding of our call to action.
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