TfL settles first claims from Croydon tram crash at £900,000

croydon-tram

Exclusive: Transport for London has paid £900,000 to settle seven personal injury claims from the Croydon tram crash last year, with 69 claims outstanding.

In a Freedom of Information request from Post, TfL said it has accepted liability in relation to civil claims from the derailment of the tram

The incident, in November last year, killed seven people and left 16 seriously injured. TfL said it would be forced to bear the property damage costs for the tram itself.

The authority is insured by several carriers, with QBE the fronting insurer. But it would self-insure property losses as “as the cost of the damage is unlikely to exceed the deductible”.

The tram was travelling from New Addington to Wimbledon when it derailed and overturned at a junction Croydon. According to earlier reports, there were seven fatalities and 58 other injuries.

However, as of 13 July 2017, TfL said: “76 personal injury claims, including claims arising from fatalities, have been received or notified.”

The authority said the £900,000 payout to date include medical costs as well as settlements.

It said: “The claims which have been settled, the interim payments and costs such as medical support which are being met daily total in the order of £900,000 to date.”

It is not known whether the authority will self-insure the personal injury claims. A spokesman for QBE declined to comment.

TfL declined to put a final figure on the total projected claims costs, adding: “The claims are not yet at a stage where they have been quantified.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.

Inspecting and impressing in the gadget insurance market

Ahead of Black Friday (29 November) the latest Insurance Post Podcast explains how gadget insurers are increasingly looking at the way devices are used rather than the likelihood of the component parts ceasing to work when it comes to underwriting and claims.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here