Insurer Pays Tennessee for May Flood Damage
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
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