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

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%.
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Comments (2)
  • glf4mny
    , contributor
    Comments (464) | Send Message
     
    Between the plaintiff lawyers, Louisiana courts and juries, $610 million in liability coverage may be inadequate.
    26 Jun 2013, 07:41 PM Reply Like
  • stancothren
    , contributor
    Comment (1) | Send Message
     
    I am an Engineer from Louisiana, and the vultures will suck the business dry. The Lawyers are the worst, and paid jurors are next.
    28 Jun 2013, 05:13 PM Reply Like
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