The flooding that socked central and southern Indiana on June 7 created more than $100 million in damages to Cummins Inc., the Columbus diesel engine maker.
Insurance will cover all costs but the deductible, the company told The Republic of Columbus.
Most of the damage was confined to the Technical Center, and the research and development facility might be moved to another location to minimize potential for it be flooded again. Water rose so high that the basement and first three feet of the first floor were flooded.
Electronic systems and fiber optics were damaged.
Still, round-the-clock work could result in reopening the center early next week.