Insurance companies pay $55 million for gas outages during New Mexico winter storm

“„

The memo makes clear that the number of claims and insurance money paid out don’t reflect the full extent of the damage inflicted on New Mexico. For one, it doesn’t account for the dollars that individuals and businesses spent on deductibles to trigger their insurance policies. Nor does it account for city or county infrastructure, such as municipal water systems whose frozen pipes burst as they thawed, or for uninsured property damaged by the deep freeze and natural-gas outage.

“„

Earlier this year, in seeking federal aid, the state estimated $4.6 million in damages to uninsured entities and public infrastructure, state Homeland Security Secretary Michael Duvall said Monday. But that cost might rise. The state added three pueblos to the list of recipients for federal help after the initial request was made, Duvall said.