Insurers have been winning some key court battles in defense of controversial "anti-concurrent causation" language in homeowners policies–a provision that relieves carriers from paying wind-related claims when uncovered flood damage is also present. But the question is whether they will ultimately win the broader political war over their standard operating procedure on wind versus water losses.
Insurers hailed a recent unanimous decision by a panel of the 5th U.S. Circuit Court of Appeals, denying a homeowner's claim that the ACC provision is ambiguous and that the disputed wind-water claim should be paid.
However, court victories by insurers have yet to quiet the political storm and consumer outrage the provision generated in the wake of Hurricanes Katrina and Rita in 2005.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
