Law360, New York (April 23, 2009, 12:00 AM EDT) -- A federal appeals court has held that a flood sublimit applies to losses caused by Hurricane Katrina, letting Liberty Corporate Capital Ltd., Westchester Surplus Lines Insurance Co. and other excess insurers off the hook in a disputed claim with Six Flags Inc.'s amusement park in New Orleans.
A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit ruled Tuesday that a lower court was right to enter summary judgment on behalf of Liberty, Westchester, Arch Specialty Insurance Co., Great Lakes Reinsurance PLC, Axis...
Insurers Off Hook For Six Flags Katrina Flood Damage
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