MOULTON, NEHLS INTRODUCE BIPARTISAN BILL TO SUPPORT PASSENGER AND COMMUTER RAIL SYSTEMS
The following information was released by the office of Massachusetts Rep.
Congressman
Under current law, when the federal liability cap for passenger railroads is adjustedan event tied to inflation and scheduled for early 2026rail operators have just 30 daysto obtain new insurance coverage reflecting the higher cap. ThePassenger Rail Liability Adjustment Actwould extend that period to90 days in 2026, helping rail operators secure better insurance rates and avoid disruptions in service.
"Commuter rail plays a vital role in connecting communities across
The liability cap, currently set at$323 million, is expected to rise significantlypotentially nearing$400 millionwhen it's next adjusted in 2026 due to inflation from the past five years. Extending the insurance procurement window from 30 to 90 days will ease the pressure on the 32 commuter rail systems, Amtrak,
ThePassenger Rail Liability Adjustment Actis supported by the American
This bill provides an immediate, targeted solution for the 2026 adjustment period, while lawmakers continue working toward a broader, long-term reform as part of the upcoming Surface Transportation Reauthorization.
###



I Asked Real Buyers: How Hard Is It to Find a House Right Now?
Freeze health care for Congress until it acts | Terry Schmeckpeper
Advisor News
- Living longer, retiring poorer: Why fragmented systems are failing Americans
- Women say their advisors respect them, but talk down to them
- How PEPs compare with traditional 401(k)s
- Allianz studies why 42% of Americans retire sooner than expected
- Why advisors should be talking about life settlements
More Advisor NewsAnnuity News
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
- NAIC regulators continue pushing for annuity illustration updates
- Wink: Flat first-quarter annuity sales fall just short of $100B
More Annuity NewsHealth/Employee Benefits News
- Health insurance costs could jump by double digits for 220,000 Connecticut residents
- Cigna to pull out of individual health market, affecting thousands in Colorado
- Researchers from Maccabi Healthcare Services Report New Studies and Findings in the Area of Hepatitis C Virus (Implementation of a Hepatitis C Screening Program for At-Risk Former Soviet-Bloc Immigrants in a Large Health Maintenance Organization): Liver Diseases and Conditions – Hepatitis C Virus
- More than 40,000 Coloradans will need a new health insurance carrier next year. Here's who is affected.
- Some retired NC state workers will pay more for health insurance. Working enrollees could save.
More Health/Employee Benefits NewsLife Insurance News
- KBRA Releases Research – Private Credit: A More Balanced Review of the NAIC PLR Review Process for Insurance Balance Sheets
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
- State locates $107M in missing insurance funds
- The opportunity in the bottom half of the K-shaped economy
- AM Best Affirms Credit Ratings of CVS Health Corporation’s Aetna Inc. Subsidiaries
More Life Insurance News