Wednesday, August 16, 2006

Katrina Litigation: Judge Sides with Nationwide

Nationwide Mutual Insurance properly denied the vast majority of a claim by a Mississippi couple whose home was destroyed by Hurricane Katrina. The lawsuit was closely watched by the insurance industry and carriers have refused to pay out billions of dollars for flood damage from Hurricane Katrina.

The Judge wrote that the insurer had met the burden of proof that most of the damage to the property in question was caused by "water and waterborne materials" and that as such were excluded.

You can find the opinion here.