August 13, 2009 - Court Awards Largest Katrina Damages
A U.S. appellate court upheld the largest insurance verdict stemming from damage caused by Hurricane Katrina in 2005 in New Orleans, court records showed.
The 5th U.S. Circuit Court of Appeals confirmed a 2008 jury trial decision awarding $21.6 million to Robert Fresh Market, a grocery in New Orleans.
The court further ordered United Fire and Casualty Insurance Co. to pay bad faith damages of an additional $1 million for failing to pay Robert Fresh Market's expenses in repairing hurricane damage to five supermarkets.