Fifth Circuit Rebuffs Katrina Policyholders

Law360, New York (August 3, 2007, 12:00 AM EDT) -- In a boon for major U.S. insurers, the U.S. Court of Appeals for the Fifth Circuit has sided against a group of Hurricane Katrina policyholders in their crusade to hold the companies liable for the water damage their homes sustained at the hands of the worst storm to hit the U.S. in recent history.

On Thursday, the Fifth Circuit ruled that the flood exclusion clauses in the plaintiffs' insurance policies “unambiguously” exempt the insurers from liability no matter what the cause, rejecting the argument at the...
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