The Flood After the Storm: The Hurr icane Katrina Home owner s Insurance Litigation
Business Law Brief - Nbr. IV-1, October 2007
Eugene Benick - American University Washington College of Law
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Homeowners' Insurance and the Insurance Industry. Leonard v. Nationwide Mutual Insurance Co. The Effect on Current and Future Insurance Policies .The Effect on Corporate Goodwill.Corporate "Gut Checks" .The Doomsday Scenario
The Flood After the Storm: The Hurr icane Katrina Home owner s Insurance Litigation
Eugene Benick,is a third year student and senior editor on the Business Law Brief at American University
With the Fifth Circuit's ruling, the insurance companies emerged victorious, and with their exposure units left intact.62 Yet this victory did not come cheap for the insurance companies. Whether insurance companies in the Gulf Region will continue to pursue these legal battles in the future remains unseen. Some companies have already withdrawn from the region, citing risk management as the cause.63 Depending on the ultimate resolution of the Katrina Cases, insurance companies may become more hesitant to issue homeowners' insurance in areas susceptible to hurricanes and fl...
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