Federal court upholds Nationwide in Katrina storm surge case
Wednesday, September 5th, 2007 Catastrophe Litigation PropertyA federal appeals court sided with Nationwide Mutual Insurance Co. last Thursday in a key Mississippi case related to hundreds of lawsuits over damage caused by Hurricane Katrina. The 5th U.S. Circuit Court of Appeals in New Orleans ruled that language in the insurer’s storm policy that was used to deny coverage for flood damage is not "ambiguous.’’
External References & Further Reading
http://www.insurancejournal.com/news/national/2007/09/04/83166.htm
