Steve to your knowledge was the Louisiana valued policy law for the peril of Fire only and a liquidated demand for the policy limit  on the building item only like the state of Texas ?

Just reviewing the flood policy which clearly states its, not a valued policy and since wind or flood is or should not be part of the Louisiana contracts for the "valued policy law, {fire only} the state judges should consider several more generations of policyholders in their overreaching rulings.

An adjuster bud is trying to insure his late mothers house in Norfolk, Va for the usual perils. It seems the property has water on three sides and has never flooded or been damaged by hurricanes in moden times. All of the carriers in Virginia are pulling back on all the counties near tidal waters in Virginia, not because of the history; but, because of the history of Maryland and Delaware in 03 and Louisiana and Mississippi in 05. Now ole Jeremiah Wright might call this "the chickens coming home to roost and be 100% correct".

The eventual outcome of the cases that Steve alludes to will be posted on the following web site , when the Supreme Court renders its decision.

This may be sometime this month or perhaps longer, and this will surely affect the insurance industry in Louisianna.

If, in fact, the court rules in favor of the plaintiff's this will cause another tremendous riff in the "Katrina " Senario.

http://www.lasc.org/

Well on Friday federal Judge Senter in MS dealt a huge blow to all the attorney members of the former Scruggs Katrina Group (KLG), now the Katrina Litigation Group after all the criminal problems that Scruggs has had.  Senter ruled that all of the remaining attorneys in the group are barred from representing any of the policyholders that have currently been involved with the group which numbers in the hundreds and maybe into the thousands, and basically the belief is that all the members of the group may be tainted due to the relationship they may have had with the Rigsby sisters, of the stolen SF documents fame.  Senter also barred the sisters from ever testifying on any case in which SF or EA Renfroe is a party to the action, and has also barred the use of any of the stolen documents from ever being used in any litigation.  Senter apparently relized that the hiring of the sisters as consultants was just a "sham" and that basically Scruggs was just paying witnesses $150,000 a year each which is a no-no.  Even though the remaining members of the KLG cut the sisters loose and quit paying them shortly after Scruggs left the group, the judge felt that they knew of the arrangement with them before that and went along with it.  He also gave the plaintiffs affected 45 days to find new attorneys to represent them or their cases will be dismissed without prejudice.  Basically that means that the Katrina Litigation Group will probably cease to exist, and all the remaining members of it, plus I sure the Scruggs Law Firm may be facing a lot of legal malpractice suits in the future if they can show their case had merit an they have been compromised by this.  On top of that, the current attorneys are probably out a few million dollars in expenses and fees that can't be recovered.

http://www.insurancecoverageblog.com/archives/first-party-insurance-judge-senter-disqualifies-katrinaless-litigation-group-ousts-rigsby-sisters-as-witnesses-in-southern-district-of-mississippi.html#discussionhttp://www.insurancecoverageblog.com/archives/first-party-insurance-judge-senter-disqualifies-katrinaless-litigation-group-ousts-rigsby-sisters-as-witnesses-in-southern-district-of-mississippi.html#discussionhttp://www.insurancecoverageblog.com/archives/first-party-insurance-judge-senter-disqualifies-katrinaless-litigation-group-ousts-rigsby-sisters-as-witnesses-in-southern-district-of-mississippi.html#discussionhttp://www.insurancecoverageblog.com/archives/first-party-insurance-judge-senter-disqualifies-katrinaless-litigation-group-ousts-rigsby-sisters-as-witnesses-in-southern-district-of-mississippi.html#discussion