By Karina Ioffee, Contra Costa Times
Are American Rail Roads adequately insured for catastrophic accidents? In July 2013 an explosive derailment took out the center of the town of Lac Megantic and claimed 47 lives. The RR company was insured for $25 million but went belly up when the costs exceeded its coverage. Taxpayers in Quebec got stuck with the $1 billion clean-up bill.
Could that happen here? That and many other questions asked by residents last night remained unanswered. CalEPA organizers left the Crockett Community Center with a long “to-do” list. Suffice it to say, there will be more meetings in the future.