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Re: Metrolink and tax payers pay $30 million for Glendale wreck
Author: no-name
Date: 10-14-2009 - 21:42
Metrolink (Southern California Regional Rail Authority or SCRRA) is partially self-insured for its risk of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The self-insurance maximum for public liability is $4,000,000 per occurrence and $1,000,000 per occurrence for property damage. Claims in excess of this amount, up to an additional $146,000,000 are covered by insurance policies.
SCRRA is fully insured for workers’ compensation. SCRRA’s employees are covered through the State Compensation Insurance Fund in accordance with State law. All construction related accidental loss coverage is transferred to SCRRA’s contractors through contract agreement.
Source: 2008 Annual Report
Page 11 - Risk Management
www.metrolinktrains.com/documents/About/SCRRA_CAFR_FY2008.pdf
SCRRA is fully insured for workers’ compensation. SCRRA’s employees are covered through the State Compensation Insurance Fund in accordance with State law. All construction related accidental loss coverage is transferred to SCRRA’s contractors through contract agreement.
Source: 2008 Annual Report
Page 11 - Risk Management
www.metrolinktrains.com/documents/About/SCRRA_CAFR_FY2008.pdf
