Insurer Pays

January 24, 2011

Tennessee has received reimbursement for last May’s flooding that damaged state buildings and other state-owned property. Treasurer David Lillard says the state received a $7.5 million check from Lexington Insurance Co. The state got a $5 million check as an initial payment from the company last June.

Officials say state buildings and other state-owned property sustained an estimated $20 million in damages during the flooding. Lexington Insurance is expected to cover approximately $15 million of that total. The Federal Emergency Management Agency is also expected to provide $4 million to cover flood damage, with the state covering the remaining $1 million.

Topics Carriers

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Insurance Journal Magazine January 24, 2011
January 24, 2011
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