La. Real Estate Firm's Katrina Claims Revived

Law360, New York (February 22, 2010, 4:34 PM EST) -- A federal appeals court has given new life to a suit brought by a New Orleans property management firm against a pair of insurers that accuses them of failing to pay $6 million in property damage claims in the wake of Hurricane Katrina.

In an opinion rendered Friday, the U.S. Court of Appeals for the Fifth Circuit reversed a summary judgment ruling that dismissed Versai Management Corp.'s allegations, saying Clarendon America Insurance Co. and Employers Fire Insurance Co. failed to fully pay claims on property damage...
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