Sen. Trent Lott, R-Miss., has filed a lawsuit against his insurer in a dispute over water damage to his Gulf Coast home, and said he may not run for re-election because of it.

The senator lost his home in Pascagoula, Miss., when Hurricane Katrina ravaged the area in late August. Sen. Lott, in an interview with the Sun Herald, a southern Mississippi newspaper, said his losses totaled around $400,000 after taking flood insurance into account, roughly half of his net worth.

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