La. Court Nixes Insurers' Suit Over Post-Hurricane Repairs

Law360, New York (January 29, 2014, 4:18 PM EST) -- A Louisiana federal judge on Monday tossed a lawsuit in which Landmark American Insurance Co. and RSUI Indemnity Co. claimed a contractor exacerbated losses at a shopping center that is seeking coverage for more than $2.8 million in costs from Hurricane Isaac.

U.S. District Judge Lance Africk ruled the insurers' lawsuit against Roof Technologies Inc. was “baseless” because an exclusion in the policy that the insurers issued to the shopping center nixed coverage for losses from faulty workmanship.

Landmark and RSUI brought the lawsuit against Roof...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.