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Premiums remain elevated. Underwriting scrutiny is intense. And claims costs continue to rise at historic levels. Behind those numbers lies a complex mix of legal, medical, and cultural forces reshaping the commercial landscape.
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After 19 years of steady progress under the 2006 Settlement Agreement, the MBTA has met a substantial portion of its obligations, allowing the court-appointed independent monitor, Judge Patrick King, to conclude his oversight.
Read More →Lawsuit over acquisition of rail equipment maker Adtranz ends with 30% price reduction in the original contract.
Read More →Operation Lifesaver awarded $220,200 in grants to 12 states to support rail safety campaigns focused on grade crossing awareness and trespass prevention.
Read More →Saunier, 52, has three prospective kidney donors and hopes to have the surgery by this September or October.
Read More →Washington Metropolitan Area Transit Authority (Metro) and Belgian bank, KBC Group, reached a settlement, ending a long-term leasing deal after nearly three days of talks in federal court.
Read More →The state’s second round of Volkswagen settlement funding will be used to purchase 235 new propane school buses and three electric transit buses.
Read More →Volkswagen was found guilty and agreed to pay up to $14.7 billion to settle allegations of cheating emissions. As part of the lawsuit, Volkswagen is required to establish and fund an Environmental Mitigation Trust, known as EMT. Over the next 10 years, $2.9 billion from the VW settlement will fund environmental mitigation projects that reduce emissions of NOx.
Read More →The contracts are canceled and CAF will forego any additional payments for unpaid work and lost profits. In addition, CAF will refund $14 million to Metro. The agreement was ratified by Metro's board on Friday.
Read More →Agreement stipulates the money from the German automaker must be used to reduce lung- and heart-damaging nitrogen oxides emitted by diesel trains, buses, ferries and equipment.
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