Cathay Life to pay NT$60m to families after train accidentBy Kao Shih-ching / Staff reporterCathay Life Insurance Co (國泰人壽) is to pay NT$60 million (US$2.1 million) in compensation for 21 of its clients who died in Friday last week’s derailment of Taroko Express No. 408, including the train’s driver and assistant driver, the insurer said on Sunday. It would also pay out to another 80 people injured in the accident in Hualien County, it said. Logos of local life insurance companies are shown in an undated photograph. Meanwhile, Fubon Life Insurance Co (富邦人壽) said it is to pay a combined compensation of NT$15 million for its 10 clients who died in the accident.

Source: Taipei Times April 05, 2021 15:56 UTC