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Louisiana Supreme Court Rules Flood Damage Exclusion Is Not Vague

The Louisiana Supreme Court handed the insurance industry a major victory last week with a ruling that there is nothing vague about a policy excluding "flood" damage--a decision that the defendant's

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The Louisiana Supreme Court handed the insurance industry a major victory last week with a ruling that there is nothing vague about a policy excluding “flood” damage–a decision that the defendant’s attorney said could save insurers between $20 billion and $30 billion.

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