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Group: Texas Plant Blast Loss Likely Exceeds $100M

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Smoke rises from the rubble of a housenext to the fertilizer plant that exploded yesterday afternoon on April 18, 2013 in West, Texas. (Photo by Erich Schlegel/Getty Images)

Smoke rises from the rubble of a housenext to the fertilizer plant that exploded yesterday afternoon on April 18, 2013 in West, Texas. (Photo by Erich Schlegel/Getty Images)

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WEST, Texas (AP) — 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 says he believes as many as 140 homes were destroyed, based on conversations with numerous insurance agents and adjusters.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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