A federal appeals court ruled insurers are not liable to pay claims resulting from flooding when the levees broke in New Orleans in the aftermath of Hurricane Katrina.
“We are bound to enforce the unambiguous terms of their insurance contracts as written,” Judge Carolyn King wrote for a three-judge panel for the U.S. Court of Appeal for the 5th Circuit in New Orleans.
The decision could affect the claims filed by thousands of residents and businesses that suffered damages in the wake of the 2005 hurricane.
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