1. big problem

    Texas Plant Only Insured for $1M

    The damage from the fertilizer plant explosion is seen from helicopters in accompanying President Barack Obama in West, Texas, Thursday, April 25, 2013, en route to Baylor University in Waco,Texas, where the president was to speak at a memorial service. (AP Photo/Charles Dharapak)

    Damage from plant explosion in West, Texas on April 25. (Charles Dharapak/AP)

    One million bucks ain't gonna cut it. According to a lawyer filing suit against the owners of the Texas fertilizer plant that exploded last month, the plant only carried a $1 million liability insurance policy. The blast last month killed 14 people, injured 200 more, and destroyed blocks of nearby property. An estimate by an insurance industry group puts the damages at $100 million.

    Read it at The Associated Press