New Jersey Transit sues insurers over Sandy pay

Published October 9, 2014 9:40am ET



TRENTON, N.J. (AP) — New Jersey Transit is suing its insurers for more help paying to repair damage caused by Superstorm Sandy.

The agency filed a federal lawsuit earlier this month claiming that Lloyds of London and other insurance companies capped payments after Sandy at $100 million, because that was the cap for flood damage.

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