OTTAWA – A Canadian government agency has determined that the U.S. rail company whose runaway train crashed into a small Quebec town, killing 47 people last month, has adequate insurance to keep operating for the next month and a half.
The Canadian Transportation Agency said the Montreal, Maine & Atlantic Railway provided evidence it had adequate third-party liability insurance coverage to operate from Aug. 20 to Oct. 1, 2013. The agency’s decision late Friday reversed an Aug. 13 order that would have halted the railroad’s operations from early next week.
Read the complete story at the Associated Press.
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