Railroad Claims and Rail Risk Management
E. William “Bill” Anderson, CEO
Need Help With Rail Claims or Risk Management?
Rail Services, Inc. is your complete resource for railroad services and consulting.
We are always on your side, telling the truth and fighting for your best interests.
Our dedicated staff has extensive experience working within the rail industry and insurance industries. We specialize in the following areas:
- Rail risk management and auditing
- Rail accident investigation
- Railway accident expense mitigation
I’m Bill Anderson and 2011 marks the 25th year that my company has been serving companies needing assistance with railroad insurance claims and risk management.
Contact us before you have a railroad related accident claim to find out how we can help with your rail risk management, auditing and training. Over this quarter-century our clients have gained hard-dollar benefits.
We are on call 24-hours to respond to accident claims with a full range of investigation, reporting and auditing services.
Railroad Risk Management – Prevent Railway Accidents Before They Happen
Railroad accidents can be incredibly expensive for insurance companies providing railroad insurance as well as any company with a railway insurance coverage policy. Railroad engines, cars and equipment can cost up into the millions of dollars and when you add in the cost of damage to right-of-ways and loss-of-use the bill can get staggering.
Beyond the cost of the hardware involved in a railroad accident there are often bodily injury or death claims that can add astronomical sums to the final payout. Railroad risk management is how to control these costs. Read the rest of this article »
Railroad Claims Adjusters – Expert Investigation to Mitigate Losses
First Rule: Use Experienced Railroad Claims Adjusters
When an accident claim is filed involving a railroad your first step should be to call in experienced railroad claims adjusters. Thousands of accidents happen each year involving railroads and the railroad companies have long established systems for dealing with them. Insurance claims adjusters without extensive background in railway rules and operations are at a serious disadvantage.
Typically the railroad issues a claim against the insuring company using a set of internal guidelines and formulas that may have little to do with what damages actually were suffered and whether the insured is even liable. A further complication is that each railroad has its own rules and formulas for determining damages which require years of experience to understand.
Railroad Insurance Claims – Five Critical Areas That Will Prevent Overpayment
In the United State there is a rail grade crossing accident on average every 4 hours that often result in railroad insurance claims. When the accident involves damage to railroad property the claimed damages often exceeds $100,000. If the damage is excessive or bodily injury is involved, then claims might go up into the millions of dollars.
Because railroads have a lot of experience with rail related accidents they have well established procedures to maximize the value they would like receive from the settlement. However, an investigation by experienced claims adjusters has shown that the initial claimed damages are often beyond the real damages suffered. Read the rest of this article »