|  Christine Marie Nielsen

Insurance in the Rail Industry: Does Terrorism Insurance Make Sense?

(Editor’s note: This is the latest installment of Energy Transport Insider’s series about the insurance industry and its relationship to rail.)

Trains, planes and automobiles. These are some of the transport modes turned into weapons by terrorists.

Protecting businesses from terrorism is a theme of a recent report from the Insurance Information Institute (III). It asks business owners – including those with ties to the energy industry – to consider how they are positioning themselves against such risk.

The III report notes that terrorism insurance is offered separately or as a rider to a standard commercial property insurance policy, which does not cover losses caused by te...

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