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

By Christie Smythe (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....

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