Flood Ruling For Insurer Sticks In Tulane Katrina Suit

Law360, New York (March 16, 2009, 12:00 AM EDT) -- A federal judge has refused to reconsider an earlier decision to grant partial summary judgment to Ace American Insurance Co. over a flood exclusion in a dispute with Tulane University over whether the insurer owes the New Orleans school $100 million in excess coverage for damage caused by Hurricane Katrina.

In a March 10 ruling that reached the docket Monday, Judge Ivan L.R. Lemelle of the U.S. District Court for the Eastern District of Louisiana denied claims by the Administrators of the Tulane Educational Fund that...
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