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Insurer Escapes Coverage In $3.2M Katrina Hotel Damage Suit

By Sean McLernon (May 24, 2013, 2:06 PM EDT) -- A Louisiana federal judge on Thursday let Ace American Insurance Co. off the hook for $3.2 million in property damage the Ritz-Carlton New Orleans hotel sustained during Hurricane Katrina, ruling that the hotel's owner couldn't show that it was covered under its contractor's construction policy....

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