State officials say 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 this week from Lexington Insurance Company. 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
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
UnitedHealth Sells Interest in Florida WellMed Clinics to TPG 
Private Credit Investors Clash Over £36 Billion BHP Dam Collapse Litigation 
