The Louisiana Supreme Court handed the insurance industry a victory today with a ruling that there is nothing vague about a policy which excludes "flood" damage.
In its decision concerning a commercial policy covering a small New Orleans apartment extensively damaged by Hurricane Katrina, the high court overturned a finding by the 4th Circuit Court of Appeal that the policy was ambiguous because it used the term flood.
The Lafayette Insurance Company policy which insured the building stated it would not cover damage by, among other items, "flood, surface water, waves, tides, tidal waves, overflow of any body of water, or their spray, all whether driven by wind or not."
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