Insurers around the country are keeping a close watch on the Katrina Canal Breaches Litigation currently pending in the U.S
Louisiana Attempts to Shift Its Losses Under the 'Road Home Program' to the Insurance Industry
Insurers around the country are keeping a close watch on the Katrina Canal Breaches Litigation currently pending in the U.S. Court of Appeals for the Fifth Circuit. In 2007, the state of Louisiana filed this putative class action against more than 200 insurers, claiming that they failed to adequately pay or adjust homeowners' claims following Hurricanes Katrina and Rita, thereby causing the state to administer more funds under the "Road Home Program" than initially contemplated.
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