Group: Texas plant blast loss likely exceeds $100M
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.
Copyright 2013 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.