Group: Texas plant blast loss likely exceeds $100M
Updated On: Apr 24 2013 03:23:42 PM CDT
An insurance industry trade group estimates losses from a deadly fertilizer plant explosion in a tiny Texas town will likely exceed $100 million.
Insurance Council of Texas spokesman Mark Hanna said Wednesday that insured losses after the explosion in West, Texas, included dozens of damaged homes, businesses and cars - as well as the costs of resettling displaced residents.
Last week's explosion at West Fertilizer Co. left a crater 90 feet wide and totaled nearby homes and buildings.
The homes closest to the plant have been kept off-limits as officials investigate the blast.
Hanna said he believes as many as 140 homes were destroyed, based on conversations with numerous insurance agents and adjusters.
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