For most people, it's hard to concentrate on work in December, with so many off for the holidays, rushing around buying gifts and attending parties, or pondering the year gone by. Many offices become veritable ghost towns. While that's rarely the case for those in the commercial insurance industry–not with Jan. 1 renewals looming–there were a few major stories you might have missed in the holiday hubbub.
o Flood Exclusion Springs A Leak!
In a major blow to property carriers, a federal judge confirmed an earlier decision sending a suit by Mississippi Attorney General Jim Hood back to state court. The suit contends that insurer flood exclusions do not apply to Hurricane Katrina claims if water damage was wind-driven.
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