In terms of insured claims payouts, the fertilizer factory explosion in West, Texas, likely will generate more claims and higher loss figures than the Boston bombings, according to Mike Barry, VP of media relations for Insurance Information Institute.

Adair Grain Inc.’s West Fertilizer Co. factory fire and explosion has so far caused 12 confirmed deaths, more than 200 reported injuries, and damaged homes, businesses and vehicles. According to local reports early Friday afternoon, 60 people were then missing.

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