Insurers Off Hook For Six Flags Katrina Flood Damage

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...
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