Insurer Can't Tie Katrina Wind, Flood Damage: Judge

Law360, New York (February 24, 2009, 12:00 AM EST) -- Ruling in favor of the manager of nine Mississippi apartment complexes severely damaged during Hurricane Katrina, a federal judge has determined that excess insurer RSUI Indemnity Co. cannot use a clause in a primary policy to lump together and exclude damage caused by both wind, which is covered, and flooding, which is not.

Judge Sam Sparks of the U.S. District Court for the Western District of Texas ruled Monday that an anti-concurrent causation clause found in a primary insurance policy issued to ARM Properties Management Group...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

ARM Properties Management Group v. RSUI Indemnity Company


Case Number

1:07-cv-00718

Court

Texas Western

Nature of Suit

Insurance

Judge

Sam Sparks

Date Filed

August 24, 2007

Law Firms

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.