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Article Excerpt
Insurance companies must pay for Katrina-related water damage to their policyholders' homes, regardless of water-damage exemptions in the insurance contracts, a federal judge in New Orleans has held.
In granting partial summary judgment to the plaintiffs, Judge Stanwood Duval Jr. concluded that because language in the policies was ambiguous, he had to decide in the policyholders' favor. But he also certified the case for immediate appeal, noting that "there is a substantial ground for a difference of opinion." (In re Katrina Canal Breaches Consol. Litig., 2006 WL 3421012 (E.D. La. Nov. 27, 2006).)
The insurance companies included Allstate, Great Northern Insurance, and Travelers Property. The plaintiffs included roughly a dozen homeowners and Xavier...
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