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Allstate Takes $2.8 Million Hit in Louisiana Verdict

According to an article appearing on BusinessWeek.com, a federal U.S. district court jury awarded more than $2.8 million to Robert Weiss, who lost his home to Hurricane Katrina. Allstate had claimed

By Eric Gilkey | Updated on April 17, 2007

Insurers in the Gulf Coast received more bad news when another Katrina-related negative verdict was announced in a case that involved a Louisiana homeowner and insurance giant Allstate.

According to an article appearing on BusinessWeek.com, a federal U.S. district court jury awarded more than $2.8 million to Robert Weiss, who lost his home to Hurricane Katrina. Allstate had claimed that most of the damage was due to storm surge, an event not covered in most homeowners’ policies.

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