Liability insurance news from exploded Texas fertilizer plant reveals tiny coverage

liability insurance damaged building

The company has a $1 million policy, which is an amount that would cover only a fraction of the damage. It has just been revealed that the fertilizer plant from West, Texas, which exploded in April, holds a liability insurance policy of only $1 million, which would provide coverage for only a tiny fragment of the estimated cost that was generated by the blast. Lawyers have guessed that the amount of the policy is small enough to be considered nearly negligible. One of the attorneys, John McCoy, who represents the…

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