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Search results for "indemnity agreements" ...
The New York Times found that, in 2002, after an Amtrak train jumped the tracks and killed four people in Crescent City, FL, Amtrak paid millions of dollars in compensation, even though it was their freight railroad company, CSX's, fault. The New York Times found that this happened a lot when there were train wrecks and that, though, the wrecks were caused by poor track maintenance by CSX, Amtrak paid every time. Amtrak pays the liability claims as compensation for using the freight lines' tracks, and leaves CSX and other freight railroad companies virtually free of responsibility. This leads to a lack of incentive by the companies to keep their tracks safe and secure.