St. Paul's Katrina Liability Capped At $1M

Law360, New York (June 29, 2009, 12:00 AM EDT) -- The judge overseeing the multidistrict litigation involving property damage claims connected to the levee breaches in New Orleans during Hurricane Katrina has ruled that St. Paul Fire & Marine Insurance Co. can only be held liable for $1 million under an insurance policy.

Judge Stanwood R. Duval Jr. of the U.S. District Court for the Eastern District of Louisiana on Friday sided with St. Paul on how the damaged levee systems should be interpreted in relation to the proposed settlement, ruling that the three systems at...
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