XL to pay $25mn in Lac-Mégantic settlement

A $175mn settlement plan to compensate victims of the catastrophic
Lac-Mégantic oil train derailment and fire in 2013 has been
filed in a Quebec court.
The 12 January filing in the Superior Court of Canada cited
total settlement funds of $175mn (C$209.8mn) to be paid by the
Canadian arm of Montreal, Maine & Atlantic Railway (MMA) as
well as other named defendants and MMA's liability insurer XL
Insurance.
The settlement includes a C$25mn ($20.8mn) indemnity payment
from XL as well...