$1.5M Katrina Damages Ruling Blown Away In 5th Circ.

Law360, New York (July 20, 2009, 4:18 PM EDT) -- Wind damage from Hurricane Katrina to a Gulf Coast developer's condominium project was not covered by a builder’s risk policy issued by the Great American Insurance Co. of New York, a federal appeals court has ruled, reversing a $1.525 million damages finding.

Friday's decision in the U.S. Court of Appeals for the Fifth Circuit reversed and remanded an insurance fight that had culminated in a December 2007 jury verdict of liability and January 2008 judgment in favor of Lowry Development LLC in the U.S. District Court...
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