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Flood Insurance
& Related Newswire
6/30/2006 1:50:00 AM | Citizens ordered to disclose settlements 
=(0) Citizens Property Insurance in Florida has been ordered to disclose the terms of settlements it has been making with litigants outside of a class action suit that is ongoing. The company is fighting portions of claims relating to the hurricanes of 2004, but has begun quietly settling with individual policyholders. A judge has ruled that t...
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6/1/2006 12:08:00 PM | Class Action Suit Filed in New Orleans Against 15 Homeowners ... =(0) Many homeowners' Hurricane Katrina insurance suits in the greater New Orleans area have been consolidated into a class-action lawsuit against fifteen companies. Issues of complaint include the wind-water-flood decisions, arbitrary rulings on waterlines and other evidence, and failure to advise policyholders of risks and the availability of flo...
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5/26/2006 4:25:00 AM | 243 policyholders sue Nationwide =(0) A group of 243 policyholders are suing Nationwide Insurance in a lawsuit similar to those against State Farm and Allstate. Portions, or all, of their damage claims from Hurricane Katrina were denied on the basis of "storm surge" damage which is considered flooding, as opposed to "wind" damage, which was covered. The plaintiffs claim that it was the...
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5/25/2006 10:54:00 AM | Judge rules against State Farm in suit over flood exclusions =(0) State Farm has lost a round in a lawsuit over hurricane damage in Mississippi. A judge ruled that the wording in State Farm's policy was "ambiguous" and "unenforceable" because it contained some contradictions - for example, coverage due to wind damage would be denied if the wind acted together with an excluded event such as tidal surge. ...
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5/25/2006 5:20:00 AM | Official hopes Katrina made need for flood coverage clear =(0) An official from the Insurance Information Institute strongly urges homeowners to consider purchasing flood insurance. In the US, homeowner's insurance purchased through insurance companies does not cover floods; you can get flood coverage through FEMA's National Flood Insurance Program (NFIP) for your home (whether owned or rented) and business.&n...
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4/26/2006 6:12:00 AM | Insurers canceling coastal policies =(0) Many insurance companies are canceling or refusing to sell policies to homeowners all along the Atlantic and Gulf Coasts of the United States. In Florida, more than a half million homeowners policies are in jeopardy, while in Mississippi, premiums are expected to rise by 400%. A combination of recent and forecast hurricane activity and in...
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3/27/2006 7:54:00 AM | Federal Judge Rejects Allstate Request to Dismiss Hurricane =(0) A lawsuit against Allstate will continue in Mississippi, according to a judge's ruling. Allstate had wanted the case dismissed. At issue is whether the home, destroyed by Hurricane Katrina, was damaged by wind or floodwaters. The homeowners did not have flood insurance because they were told by their realtor when purchasing the home that it wasn't ...
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3/27/2006 12:10:00 AM | Sen. Lott Wants Insurance Company Hearings =(0) US Senator Trent Lott has become personally involved in the battle between Gulf Coast homeowners and the insurance industry. He has filed a lawsuit on behalf of hurricane victims who feel unfairly compensated by insurers. The Senator also plans to hold federal hearings on the issue and suspects that some companies have been fraudulently denying cla...
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3/25/2006 6:13:00 AM | Allstate loses Katrina ruling =(0) An Allstate Insurance unit has lost a ruling to dismiss the lawsuit brought by several victims of Hurricane Katrina who allege that their insurance claims were denied in bad faith. Although merely a ruling on a specific part of the case, this may be a harbinger of things to come in the cases of many Hurricane Katrina victims who have water damage t...
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3/23/2006 6:19:00 AM | Suit accuses State Farm of fraud =(0) A Mississippi couple is suing State Farm Insurance Co. for denying their claim after their home was destroyed by Hurricane Katrina. It is one of many disputes over whether the home was destroyed by wind (covered by insurance) or flood water (not covered). In this case, two conflicting engineering reports surfaced and the insurance company acted on ...
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