Iowa City’s insurance may not cover the damage done in the landfill fire that’s been burning since May 26.
At least two insurance experts told The Gazette that the city could be on the hook for the estimated $4 million to $6 million bill.
Ty Leverty is an assistant University of Iowa business professor whose doctorate is in risk management and insurance. He and an insurance attorney reviewed the city’s policy and concluded that because the landfill isn’t listed as an asset, the insurer likely won’t pay.
City Manager Tom Markus says the city has notified its insurer about the fire. He declined to comment about what the city would do if the insurer were to deny coverage.
Topics Iowa
Was this article valuable?
Here are more articles you may enjoy.
Wall Street Pushes Back After Activists Escalate Protests 
Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data 
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. 
Hurricane Beryl Triggers Record Payout for Caribbean Insurer 
