Reconstruction of New Orleans and Katrina Aftermath Message Board

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Pastimes : Reconstruction of New Orleans and Katrina Aftermath

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From: Paul Kern	11/28/2006 11:25:07 PM
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today.reuters.com By Jeffrey Jones NEW ORLEANS (Reuters) - A Louisiana federal judge has ruled many New Orleans homeowners whose houses sustained water damage after Hurricane Katrina are not excluded from coverage under their insurance policies, a judgment that represents a loss for the insurance industry. In an 85-page judgment, U.S. District Court Judge Stanwood Duval denied motions by some insurers seeking to stop policyholders from receiving claims they said were prevented by exclusion language spelled out in the policies. The insurance companies argued the industry standard wording for what constitutes a flood covers any inundation of dry land by water.

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