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An oil rig exploded on Louisiana's Lake Pontchartrain Oct. 15, raising specters of the Deepwater Horizon oil spill in April 2010.

An oil rig exploded on Louisiana's Lake Pontchartrain Oct. 15, raising specters of the Deepwater Horizon oil spill in April 2010.

Tropical Storm Nate, on track to strike near New Orleans overnight Saturday, may cause close to $1 billion in damage.

The storms forecast track has it scraping the eastern edge of Mexicos Yucatan Peninsula before becoming a hurricane south of Louisiana on Sunday.

Insurance concerns go beyond the political unrest of the day.

Determining whether or not the insured has care, custody or control over the property in question depends on the facts.

The storm is currently forecast to move inland over southeastern Texas or southwestern Louisiana Thursday. Heavy rain is expected across parts of Louisiana, Mississippi, Alabama, Florida and Texas.

Should a condo owner's injury be covered by the association's policy? What about damage perpetuated by a renter?