December 16, 2005

Trent Lott is suing State Farm in Federal District Court in Mississippi for his Katrina losses. (Biloxi Sun Herald). He is arguing that wind was the proximate cause of the storm surge and invokes Mississippi’s valued policy provision which may suggest that the insurer must pay even if a contractually excluded event (storm surge) destroyed his house. Posted by Martin F Grace at 10:34 AM | TrackBack (0)