Bridge bashing hits premiums
28th November 1996, Page 8
28th November 1996
Page 8
Page 8, 28th November 1996
— Bridge bashing hits premiums
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.
If you've noticed an error in this article please click here to report it so we can fix it.
Keywords :
Financial Institutions, Institutional Investors, Insurance, Railtrack, Economics, Microeconomics, Disaster / Accident
• Hauliers whose vehicles and drivers are involved in bridgebashing incidents will see their insurance premiums go up as a result, says rail network operator Railtrack.
Now RaiItrack is financially accountable for delays to lines from bridge and road closures resulting from bashing accidents and is passing costs on to the hauliers and their insurers.
Railtrack's southern zone production manager Mike Sowdon says stakes are becoming increasingly high with insurance companies having to face paying out millions if someone is killed. A bridge-bashing accident in Aldershot recently was so severe the total bill came to £202,000.
Last year there were 1,101 bridge-bashing incidents.
Tags
People:
Mike Sowdon