CEO Walks Back Pledge To Fix Homes In Houston Blast - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Property and Casualty News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Property and Casualty News
Property and Casualty News RSS Get our newsletter
Order Prints
January 28, 2020 Property and Casualty News
Share
Share
Tweet
Email

CEO Walks Back Pledge To Fix Homes In Houston Blast

Associated Press

HOUSTON (AP) — The head of a company involved in a massive explosion in Houston that killed two workers and injured 20 others on Tuesday backtracked on a pledge he had made earlier in the day to fix the hundreds of structures damaged by the blast.

John Watson, who is the CEO of Watson Grinding and Manufacturing, had told KTRK-TV on Tuesday, “I will repair all the damaged homes ... My insurance company will.”

City officials say 450 structures, mostly homes, were damaged after the explosion early Friday at a warehouse at Watson Grinding and Manufacturing. Most of the homes, 358, had minor damage. But 35 had major damage.

However, later Tuesday, Watson issued a statement taking back his earlier comments, saying, “At this point, it is premature for the insurers to make any decisions with regard to payment from this tragic incident.”

“To correct comments I made earlier today, no claims process has been established at this time. Who is at fault and who will pay for damages cannot be determined at this early stage,” Watson said.

Robert Kwok, an attorney representing 120 people whose homes, businesses and apartments were damaged by the blast, said he’s disappointed Watson walked back his pledge.

“We were ready to go to the table and make a deal with Mr. Watson. It looks like we’re in for a fight,” Kwok said.

While some of his clients have insurance, Kwok said others do not.

“These folks are in a bad spot. They need Mr. Watson to come and do the right thing as he previously promised,” he said.

Of the 120 people he represents, Kwok said up to 50 have been displaced from their homes and are living with relatives, friends or in temporary housing.

The American Red Cross is operating a recovery service center at a church and connecting residents with community resources.

Dozens of volunteers helped residents this past weekend with clean up and repairs.

“At Mayor (Sylvester) Turner’s direction, city representatives are in talks with nonprofit groups to see how we can partner to help those who don’t have insurance or any other means to quickly recover,” said Mary Benton, a spokeswoman for the mayor.

Officials are asking residents whose homes were damaged to call the city’s 311 request line. Benton said most of the calls have been about immediate short or long-term housing needs.

Killed in Friday’s blast were company employees Frank Flores and Gerardo Castorena.

Since Friday’s explosion, 10 lawsuits have been filed against the company, including a wrongful death suit by Flores’ family.

The cause of the explosion is still being investigated.

“A complete investigation is essential to determine the cause and identify potentially responsible parties,” Watson said.

Follow Juan A. Lozano on Twitter: https://twitter.com/juanlozano70

Older

Latin American Business Headlines at 7:35 p.m. EST

Newer

Powerful Caribbean earthquake shakes buildings in Jamaica, Cuba — even downtown Miami

Advisor News

  • Why you should discuss insurance with HNW clients
  • Trump announces health care plan outline
  • House passes bill restricting ESG investments in retirement accounts
  • How pre-retirees are approaching AI and tech
  • Todd Buchanan named president of AmeriLife Wealth
More Advisor News

Annuity News

  • Great-West Life & Annuity Insurance Company Trademark Application for “EMPOWER READY SELECT” Filed: Great-West Life & Annuity Insurance Company
  • Retirees drive demand for pension-like income amid $4T savings gap
  • Reframing lifetime income as an essential part of retirement planning
  • Integrity adds further scale with blockbuster acquisition of AIMCOR
  • MetLife Declares First Quarter 2026 Common Stock Dividend
More Annuity News

Health/Employee Benefits News

  • Reed: 2026 changes ABLE accounts benefit potential beneficiaries
  • Sickest patients face insurance denials despite policy fixes
  • Far fewer people buy Obamacare coverage as insurance premiums spike
  • MARKETPLACE 2026 OPEN ENROLLMENT PERIOD REPORT: NATIONAL SNAPSHOT, JANUARY 12, 2026
  • Trump wants Congress to take up health plan
More Health/Employee Benefits News

Life Insurance News

  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on India’s Non-Life Insurance Segment
  • AM Best Affirms Credit Ratings of Health Care Service Corporation Group Members and Health Care Service Corp Medicare & Supplemental Group Members
  • Kyle Busch hits PacLife role in amended IUL fraud claims suit
  • I sent a letter to President Trump regarding Greg Lindberg
  • ‘Cashing Out’: Film recounts how viatical settlements arose from AIDS crisis
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

8.25% Cap Guaranteed for the Full Term
Guaranteed cap rate for 5 & 7 years—no annual resets. Explore Oceanview CapLock FIA.

Press Releases

  • Agent Review Announces Major AI & AIO Platform Enhancements for Consumer Trust and Agent Discovery
  • Prosperity Life Group® Names Industry Veteran Mark Williams VP, National Accounts
  • Salt Financial Announces Collaboration with FTSE Russell on Risk-Managed Index Solutions
  • RFP #T02425
  • RFP #T02525
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet