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02/14/2013 01:35:58 PM EST

Class Action Challenges Handling Of Flood Claims For Hurricanes Irene, Sandy

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LexisNexis® Mealey's™ Catastrophic Loss

NEWARK, N.J. - A class action complaint filed in a New Jersey federal court on Dec. 11 alleges that flood insurance claims stemming from hurricanes Irene and Sandy were wrongfully denied due to either a misinterpretation or a misapplication of the term "basement" as used in the Standard Flood Insurance Policy (SFIP) (Patrick Donnelly v. New Jersey Re-Insurance Company, et al., No. 12-07629, D. N.J.).Full story on lexis.com