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Lloyd's leads property insurance program covering CTA train crash

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Lloyd's leads property insurance program covering CTA train crash

Insurers at Lloyd's of London lead a property insurance program covering the Chicago Transit Authority, which operates a light rail commuter train that crashed through a platform early Monday morning at O'Hare International Airport.

According to internal documents, the CTA utilizes a layered property insurance program led by Lloyd's of London and featuring additional insurers. The premium paid on the program for policy year July 29, 2013, to July 28, 2014, is $2.3 million, the documents state.

The amount does not include a separate surplus lines policy or taxes. Chicago-based Mesirow Insurance Services Inc. acted as broker on the transaction, according to the documents.

According to published reports, the Blue Line train, part of the City of Chicago's famed El system, crashed through a barrier at the airport around 2:50 a.m. before coming to rest on an escalator leading into the airport. Approximately 30 people were injured, although none of the injuries are believed to be life-threatening.

A Mesirow spokeswoman was unavailable at press time. A CTA spokeswoman said the agency would reserve comment while the National Transportation Safety Board investigates the crash.