Photo courtesy Camerafiend
SANTA FE, N.M. — According to state records, taxpayers have paid nearly $8 million to settle damage claims against New Mexico’s Rail Runner Express
, while the agency itself has not paid anything, reported The Bellingham Herald
Until last month, the Rail Runner didn't pay premiums for the state's self-insurance program that provides liability coverage for settlements of lawsuits against government agencies. The insurance arrangement represented a little-known subsidy for the state-owned passenger train.
The Rail Runner will pay $2 million to cover liability claims up to $3 million. The Rail Runner buys insurance in the private market for claims over that amount. For the full story, click here.