Suit Against Katrina Insurers To Go On

Law360, New York (July 17, 2008, 12:00 AM EDT) -- A judge has denied a motion for summary judgment by five major insurance companies in a proposed class action alleging that the companies cost class members $525 million in damages after Hurricane Katrina when they failed to properly reinsure their clients.

On Tuesday, Judge James C. Sumner of the U.S. District Court for the Southern District of Mississippi denied the insurer's motion for summary judgment. The defendants claimed they were entitled to “sovereign immunity” in the case because they had acted on behalf of a state...
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