Panel Affirms Business Income Loss Award, Bad Faith Damages Against Insurer In Katrina Claim

GRETNA, La. - A Louisiana appeals panel on Feb. 8 affirmed a lower court's judgment that a bakery insured sustained a business income loss exclusively as a result of a covered loss, finding that a jury did not err in concluding that an insurance policy's anticoncurrent causation (ACC) clause was inapplicable and in awarding the insured $83,247 for business income loss and $50,000 for bad faith damages and penalties (La Louisiane Bakery Company v. Lafayette Insurance Co., No. 09-CA-825, La. App., 5th Cir.; 2011 La. App. LEXIS 167). Full story in Mealey's Litigation Report: Catastrophic Loss on lexis.com

Related Resources on lexis.com:

Business Interruption, Appleman on Insurance Law and Practice (Matthew Bender).

Coverage for Loss of Profits, Insuring Real Property (Matthew Bender).

Insurance Coverage for Business Interruption Claims in the Aftermath of Hurricanes Katrina and Rita, 53 LA Bar Jnl. 368.

For more information about LexisNexis products and solutions connect with us through our corporate site.