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Here come the insurance lawsuits



Most insurance policies sold cover wind damage but not flood damage, and it was the latter that devastated Louisiana. Even so, of Hurricane Katrina's estimated $100 billion+ in economic losses, "insurers are already expected to pay $20 billion to $35 billion, more than [they have] paid for any other natural disaster in the country's history. But property owners are likely to push for a more expansive definition of insurers' liability." (NYTimes).

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.