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Katrina insurance lawsuits delayed; some may be consolidated.

Publication: Mississippi Business Journal
Publication Date: 27-NOV-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Katrina insurance lawsuits delayed; some may be consolidated.(Focus)

Article Excerpt
There is good news and bad news for thousands of homeowners along the Mississippi Gulf Coast who have filed lawsuits against insurance companies over failure to pay claims after Hurricane Katrina. Recently U.S. District Court Judge L.T. Senter Jr. delayed six trials over insurance damage that were set to start in early 2007. But he also indicated that he would be willing to consider consolidating some of the cases in the future.

More than 1,000 lawsuits have been filed in federal court over the wind vs. flood insurance debate. Many homeowners have filed lawsuits claiming they, should have been paid for wind damages, but were denied claims by insurance companies who attributed the damage to flooding, not wind. Flood damages are not covered by a regular homeowner's insurance policy and, instead, flood insurance must be purchased separately from the...

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