Williams Cos. (WMB +3.1%) shares rise after the owner of the Louisiana chemical plant in last...

|About: Williams Companies Inc (WMB)|By:, SA News Editor

Williams Cos. (WMB +3.1%) shares rise after the owner of the Louisiana chemical plant in last week's fatal explosion says insurance will cover most of the loss. WMB says it has $500M in property damage and business interruption insurance and $610M in liability insurance. The plant would need to be closed until the middle of next year to exceed coverage limits, Tudor Pickering says in upgrading WMB to Hold. WPZ +3%.