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Sat May 4, 2013
Texas Fertilizer Plant That Exploded Carried $1 Million Insurance; Damage Estimate: $100 Million
A lawyer says that the Texas fertilizer plant that exploded last month, killing 14 people, injuring more than 200 others and damaging or destroying property for blocks in every direction was only insured for up to $1 million in liability.
Tyler lawyer Rancy C. Roberts said Saturday that he and other attorneys who have filed lawsuits against West Fertilizer's owners were told Thursday about the size of its policy.
An insurance industry group estimates that it may have caused up to $100 million in damage.
An attorney for United States Fire Insurance Co., of Morristown, N.J., confirmed the policy details to the Dallas Morning News. It didn't name the attorney. A company lawyer didn't immediately respond to a phone message Saturday left at his office by The Associated Press.
Copyright 2013 The Associated Press.