No Tertiary Coverage, No Bad Faith In Katrina Coverage Suit, 5th Circuit Affirms

No Tertiary Coverage, No Bad Faith In Katrina Coverage Suit, 5th Circuit Affirms

NEW ORLEANS - The Fifth Circuit U.S. Court of Appeals on Feb. 11 affirmed a lower federal court's ruling on bad faith and business interruption claims in favor of excess insurers in a coverage dispute arising from Hurricane Katrina damage (Claude C. Lightfoot Jr., substituted as Trustee of the MBS Unsecured Creditors' Trust formed in connection with the bankruptcy of MBS Management Services Inc. v. Hartford Insurance Co., No. 12-30443, 5th Cir.).

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