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News Group: Texas plant blast loss likely exceeds $100M

Group: Texas plant blast loss likely exceeds $100M

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

WEST, Texas (AP) — 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 says he believes as many as 140 homes were destroyed, based on conversations with numerous insurance agents and adjusters.

 

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