Norfolk Southern estimates $30 million to $40 million derailment cost
Norfolk Southern Corp. estimates expenses caused by derailment at Graniteville, S.C. Jan. 6, to range from $30 million to $40 million.
The amount includes Norfolk Southern’s self-insurance retention under its insurance policies, as well as other uninsured costs. Although potential losses may exceed self-insurance retention amounts, Norfolk Southern expects at this time that insurance coverage is adequate to cover the potential claims or settlements. The amount does not include any fines or penalties that could be imposed, Norfolk Southern said in a statement.