Katrina plaintiffs win a big one!

Anita Lee reported the victory – Pass condo owners prevail in Katrina lawsuit against insurer

The owners of condominium units in Pass Christian felt relieved and vindicated Friday by a jury’s decision to award them $1.8 million from insurer Lloyd’s of London to cover Katrina’s wind damage.

Lloyd’s waited almost a year after the storm to deny the claim, forcing the Penthouse Owners Association to sue in January 2007.

U.S. District Judge Sul Ozerden found “no arguable basis” for Lloyd’s decision, ordering the insurer to also cover the association’s legal fees, pre-judgment interest on the amount owed for losses and other fees. The association’s lead attorney, Don Barrett of Lexington, expects the total award to be around $4 million.

Click on the link and read the rest of the story on the Sun Herald.

5 thoughts on “Katrina plaintiffs win a big one!”

  1. What no punitive damages?

    All I can say is that if Lloyd’s is dumb enough to appeal I hope the Homeowners go pedal to the metal and seek BIG PUNITIVE DAMAGES.

    IMHO.

    good deal if it ends here…

  2. Lloyd’s had all the help in the world protecting their asses over the Gaylord 1995 event in Bogalusa. Had it not been a storm effecting so many understanding why they acted to deny without any reason would have been better understood. I’ll always remember the threat given along with your not going to be allowed to bankrupt the worlds largest paper mill. They were insured by……

    Kinda like spit in a 55 gallon drum.
    Gaylord was said to have $ 500 billion of insurance with them.

  3. I’m so glad that the folk in Mississippi have won one battle, but the war is not over for many others both in Mississippi & Louisiana.

    All damages should be paid to those who loss anything that was insured.

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