The two major legal efforts on behalf of homeowner hurricane damage claims==which insurers say will fail because of flood exclusions==have a good chance of success, according to policyholder advocates speaking at a conference yesterday.
At issue are lawsuits by Mississippi Attorney General Jim Hood and private attorney Richard Scruggs that seek to compel insurers to honor hurricane water damage claims.
J. Robert Hunter, insurance director for the Consumer Federation of America, said that while he is not an attorney, his group had done research on the Hood and Scruggs complaints, which insurers have suggested have no merit. "It's not true. They aren't frivolous and they shouldn't be tossed out. Some of them they will win and some of them they will lose," he predicted
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
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
