Lloyd's Suit Over Hurricane Ike Coverage Survives

Law360, New York (September 22, 2010, 1:48 PM EDT) -- Six businesses in the Houston area damaged during Hurricane Ike have lost their bid to toss Lloyd's of London underwriter Chaucer Corporate Capital No. 2 Ltd.'s declaratory judgment and breach of contract suit over the disputed scope of coverage for the defendants' claimed property damages.

Judge Ewing Werlein Jr. of the U.S. District Court for the Southern District of Texas denied the defendants' motion to dismiss the suit Monday, rejecting their argument that the suit should be nixed for lack of subject matter jurisdiction because Chaucer...
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