| inbluevt | Date: Monday, 2013/05/06, 7:03 PM | Message # 1 | DMCA |
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The fertilizer plant that exploded last month in West, Texas, holds just $1 million in liability insurance, a negligible amount compared to the estimated cost of the damage caused by the blast, lawyers said.
John McCoy, one of the attorneys representing the company that owns West Fertilizer Co., confirmed the amount in an email to the Los Angeles Times after the Dallas Morning News reported it Friday. He said
the plant did not hold excess or umbrella insurance policies.
“We do not yet know how this horrific accident occurred,” McCoy added in the email. “We are waiting for federal and state officials to … complete their investigation.”
[url=http://www.latimes.com/news/nation/nationnow/la-na-nn-texas-fertilizer-plant-insurance-20130504,0,4743622.story]Read the article, see the pictures[/url]
Message edited by inbluevt - Monday, 2013/05/06, 7:06 PM |
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