NEW ORLEANS (AP) -- Louisiana's highest court hears arguments
today in two high-stakes cases for Louisiana insurers in the wake
of Hurricanes Katrina and Rita.
Both cases going before the Louisiana Supreme Court involve
disputes over policy language between insurance companies and
Apartment complex owner Joseph Sher sued Lafayette Insurance
Company for refusing to pay for water damage from the failure of
New Orleans' levee system.
Lafayette is asking that a lower court decision be overturned.
The state's 4th Circuit Court of Appeal concluded that the
company's policy failed to exclude all forms of flooding because
its language was ambiguous.
In a case involving Louisiana's Valued Policy Law, one couple
says all their home damage should be covered, even though it wasn't
Insurers say their policies cover damage from wind but not
rising water, including wind-driven storm surge.
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