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Insurance Law News
9/8/2008 12:12:57 AM EST
LexisNexis Insurance Center Staff
Katrina Citizens Losing Insurance Cases On Appeal

NEW ORLEANS, La. (InjuryBoard.com) It’s been three years since Hurricane Katrina hit the New Orleans area, devastating homeowners, many of who remain homeless today. Estimates were that up to 30,000 hurricane insurance suits were filed in court in New Orleans after insurers dug in and refused to pay on Katrina, the most expensive insurance disaster on record. At first it appeared that the homeowners would win in court, and recover not only their insurance claims, but also bad-faith penalties. But an investigation by the Times-Picayune newspaper shows that on appeal, Big Insurance is winning most of the time. Full version available here.

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