The West, Texas fertilizer plant carried only $1 million in liability insurance, reports AP:
Tyler lawyer Randy C. Roberts said he and other attorneys who have filed lawsuits against West Fertilizer’s owners were told Thursday that the plant carried only $1 million in liability insurance. Brook Laskey, an attorney hired by the plant’s insurer to represent West Fertilizer Co., confirmed the amount Saturday in an email to The Associated Press, after the Dallas Morning News first reported it.
“The bottom line is, this lack of insurance coverage is just consistent with the overall lack of responsibility we’ve seen from the fertilizer plant, starting from the fact that from day one they have yet to acknowledge responsibility,” Roberts said.
Roberts said he expects the plant’s owner to ask a judge to divide the $1 million in insurance money among the plaintiffs, several of whom he represents, and then file for bankruptcy.
He said he wasn’t surprised that the plant was carrying such a small policy.
“It’s rare for Texas to require insurance for any kind of hazardous activity,” he said. “We have very little oversight of hazardous activities and even less regulation.”
A $1 million policy is not gonna do squat for West, Texas or the 14 families who lost a loved one, or those 200 injured people. But I guess the glorious free hand of the market will be there for them, right? That and federal disaster aid, of course!
By the way, maybe in addition to all of the prayers and moments of silence, the Texas House and Senate might want to pass a few regulations to help ensure something like this doesn’t happen again. After all, taxpayers all around the country are going to be footing the bill for the negligence of a Texas business — and the failure of Texas legislators to adequately regulate their dangerous industries. So yes, Gov. Rick Perry, as long as we all have to pay for it, you can take your “states rights” and shove it, you arrogant phony cowboy.
And since we’re talking about this, Texas is starting to look an awful lot like Bangladesh and China. Except in those places, the evil business owners are arrested.