AIG expands liability limits to $1 billion
Written by Jennifer Nunez, Assistant Editor, Railway Track & StructuresAmerican International Group, Inc. (AIG) has expanded excess casualty liability limits for Class I railroads in the U.S. and Canada to $1 billion per occurrence.
![“Thanks to Secretary Pete [Buttigieg], USDOT, the Federal Railroad Administration and all our partners for making the S-Line passenger rail a reality!!” NCDOT Secretary Joey Hopkins said in a July 1 LinkedIn post. “Thanks to the hard work of our NCDOT team we broke ground on the first construction project in the Raleigh to Wake Forest segment, a $19M project to grade separate Durant Road 7 months after the grant announcement!!” (Photograph Courtesy of Joey Hopkins)](https://www.railwayage.com/wp-content/uploads/2024/07/slinelead-315x168.png)
