243 policyholders sue Nationwide
Nationwide Mutual Insurance Co. faces a lawsuit filed Thursday by 243 policyholders who claim they were fraudulently denied coverage for Hurricane Katrina damage.
The lawsuit says Nationwide reeled in customers with the promise of "all-risk" coverage, including a "hurricane deductible." The company then refused to pay the policyholders for most, or in some cases all, Hurricane Katrina damage, the lawsuit says. 
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