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New Jersey Transit Sues Insurers Over Sandy Losses, Seeks $300M

2014-10-09 09:20:58| Railroads - Topix.net

New Jersey Transit, the nation's third-largest bus, rail and light rail transportation provider, is suing several excess insurers to recoup additional $300 million for Sandy losses. NJ Transit says its Sandy-related losses fall under the "Named Windstorm" peril in NJ Transit's comprehensive insurance coverage which provides up to $400 million in damage with no sublimit.

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