5th Circ. Rejects $20M Katrina Insurance Award

Law360, New York (August 18, 2010, 4:58 PM EDT) -- A federal appeals court has thrown out much of a $20 million insurance award Lexington Insurance Co. was forced to pay to the owner of a Louisiana warehouse damaged by Hurricane Katrina, as well as several million more in related damages and penalties.

A three-judge panel in the U.S. Court of Appeals for the Fifth Circuit on Tuesday stripped over $12 million from the compensatory damage award to Consolidated Companies Inc. in the case and vacated a set of statutory penalties and statutory damages.

In August...
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Case Information

Case Title

Consolidated Companies Inc. v. Lexington Insurance Company

Case Number



Louisiana Eastern

Nature of Suit



Mary Ann Vial Lemmon

Date Filed

August 25, 2006

Law Firms

UK Financial Services

UK Financial Services

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