Majority Affirms Ruling In Insurers’ Favor In Bad Faith Suit Over Flood Deductible

Mealey's ( January 31, 2025, 10:53 AM EST) -- NEW ORLEANS — A majority of the Fifth Circuit U.S. Court of Appeals held that a lower federal court did not err in determining that the extrinsic evidence resolved an ambiguity in favor of the insurers’ interpretation of a policy flood deductible, affirming the lower court’s summary judgment ruling in favor of the insurers in a general contractor’s bad faith lawsuit arising from flood damage at a hotel renovation....

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