Insurer sues Miss. Coast School District in Wind Versus Water Case
An insurance company is suing the Bay St. Louis-Waveland, Miss., School District over wind versus water damage related to Hurricane Katrina.
Cathedral Capital Limited has asked a federal judge to determine what is its liability under its policy with school district.
The school district contends there was more damage caused by wind than Cathedral wants to pay for through its policy.
School Superintendent Kim Stasny said the school district’s policy with Cathedral is a secondary policy, meaning it pays only after the system’s primary insurance limits are reached.
Stasny said the school district’s primary policy covers claims up to $5 million. He said the Cathedral policy covers about $25 million.
Scott Ellzey, the attorney representing the insurance company, says both parties are continuing to work toward a resolution.
Information from: WLOX-TV, http://www.wlox.com
- Credit Suisse Nazi Probe Reveals Fresh SS Ties, Senator Says
- IIHS Rolled out A New Whiplash Prevention Test
- FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings
- LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims
- Lawsuit Claims Meta Can See WhatsApp Chats in Breach of Privacy
- Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates
- Nationwide Spending $100M on AI to Beef up Claims Efficiency, Customer Experience
- Canceled FEMA Review Council Vote Leaves Flood Insurance Reforms in Limbo