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.
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