"BATON ROUGE - The Louisiana Supreme Court on Tuesday unanimously ruled that homeowners insurance policies do not have to cover damages caused by levee breaches in the wake of Hurricane Katrina.

The justices agreed that Lafayette Insurance Co. was within its rights to deny coverage for flooding to the Uptown fourplex belonging to Joseph Sher, 92, ruling that when his apartment took on four feet of water after the levees broke on Aug. 29, 2005, the disaster was a flood, and therefore is excluded from coverage under his policy.

The American Insurance Association, an insurance industry lobbying group, hailed the court's decision for making a "reaffirmation of the sanctity of contracts between an insurance company and its policyholder," AIA President Marc Racicot said in a statement."
(source:legalnewsline.com)

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