7th Circ. Breathes New Life Into Katrina Insurance Suit

Law360, New York (October 25, 2013, 5:20 PM EDT) -- The Seventh Circuit on Friday revived claims in an insurance suit brought by a Mississippi landlord who alleged RSUI Indemnity Co. shirked its obligation to cover repair costs on an apartment complex damaged by Hurricane Katrina, finding the landlord still has standing even though it sold the property.

A three-judge panel for the appeals court held that although Southland Management Corp. sold the property before it was fully repaired, that fact didn’t extinguish its right to recover on its claim.

“Although the policy specifies that replacement-cost...
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