HUNT VALLEY, Md.-Tessco Technologies Inc. has received a final installment of $5.8 million from its insurance carrier for the claim related to the October 2002 flooding of its corporate headquarters, bringing the total settlement of its disaster claim to $23.1 million.
“We are pleased to have finalized the settlement and believe we reached a fair resolution with our insurance carrier that is allowing us to quickly complete the rebuild of our facilities,” said Robert Barnhill, Tessco’s chairman, president and chief executive officer.
