Despite explosive potential, Texas fertilizer plant had very little insurance

shortformblog:

• $100Mone estimate of the damages caused by the deadly explosion in West, Texas, which leveled a large portion of the town and registered on the Richter scale. A total of 15 people died from the incident and another 200 were injured.
• $1Mthe amount in insurance the West Fertilizer Co. had for liabilities on the property. According to one estimate from late 2012, 270 tons of ammonium nitrate were sitting on the property. source