Louisiana independent agents group CEO lauds flood limitation rulings

Thursday, August 9th, 2007 Catastrophe Property Risk Management

The CEO of a major insurance agent trade group in Louisiana says two recent federal appeals court decisions affirming flood limitations in property policies will enhance the state’s recovery from Hurricane Katrina. Jeff Albright, CEO of the Independent Insurance Agents & Brokers of Louisiana, says the decisions by the U.S. Fifth Circuit Court of Appeal in New Orleans reaffirming flood limitations in wind vs. water claim disputes arising from claims in Louisiana from Hurricanes Katrina and Rita are a clear victory for insurance companies.

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http://www.insurancejournal.com/news/southcentral/2007/08/08/82514.htm

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