$2.8M Katrina Verdict Against Allstate
Source: Associated Press
$2.8M Katrina Verdict Against Allstate
Monday April 16, 5:11 PM EDT
NEW ORLEANS (AP) — Allstate Insurance Co. must pay a Louisiana man who lost his home to Hurricane Katrina more than $2.8 million in damages and penalties, a federal jury decided Monday in a case that hinged largely on whether it was wind or storm surge that wiped out his house.
The jury found Allstate — which claimed most of the damage was due to storm surge, an event not covered in its policy — did not pay Robert Weiss enough money to cover wind damage to his home. The verdict included a $1.5 million penalty for the company's failure to pay the claim quickly enough.
"Our intention was to get what we were owed and to send a message that we would not be intimidated," Robert Weiss said after the verdict was read.
Allstate lawyer Judy Barrasso said in closing arguments that Katrina's winds were not strong enough to do the damage. She said Weiss already had received more than $400,000 in insurance payments — including $350,000 in federal flood insurance.
LinkHere
$2.8M Katrina Verdict Against Allstate
Monday April 16, 5:11 PM EDT
NEW ORLEANS (AP) — Allstate Insurance Co. must pay a Louisiana man who lost his home to Hurricane Katrina more than $2.8 million in damages and penalties, a federal jury decided Monday in a case that hinged largely on whether it was wind or storm surge that wiped out his house.
The jury found Allstate — which claimed most of the damage was due to storm surge, an event not covered in its policy — did not pay Robert Weiss enough money to cover wind damage to his home. The verdict included a $1.5 million penalty for the company's failure to pay the claim quickly enough.
"Our intention was to get what we were owed and to send a message that we would not be intimidated," Robert Weiss said after the verdict was read.
Allstate lawyer Judy Barrasso said in closing arguments that Katrina's winds were not strong enough to do the damage. She said Weiss already had received more than $400,000 in insurance payments — including $350,000 in federal flood insurance.
LinkHere
posted by Kangaroo Brisbane Australia at 1:49 AM
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