INDIANAPOLIS (August 15, 2006) – The National Association of Mutual Insurance Companies (NAMIC) released the following statement today in reaction to the decision by U.S. District Court Judge L.T. Senter, Jr. in the civil case of Leonard v. Nationwide Mutual Insurance Company.
The following statement should be attributed to Neil Alldredge, Vice President of State and Regulatory Affairs.
“While we have empathy for the personal plight of the plaintiffs who brought this civil action, NAMIC is pleased that Judge Senter has reaffirmed the sanctity of insurance contract language by ruling today in favor of Nationwide Mutual Insurance Company. The judge’s decision serves to uphold the validity of the flood exclusion provision in insurance contracts, a principle that has been upheld by other courts and state regulators over the past 40 years. It is important to note that in his ruling, Judge Senter noted that all of the individuals tendered as experts were ‘qualified’ to express the opinions they rendered, and none of the expert testimony will be stricken.”
Regulatory Affairs Counsel Marsha Harrison is available at (317) 876-4270 to discuss the details of this decision.
For further information, contact
(317) 875-5250 Tel
(317) 879-8408 Fax
Posted: Tuesday, August 15, 2006 12:00:00 AM. Modified: Tuesday, August 15, 2006 3:35:09 PM.
317.875.5250 - Indianapolis | 202.628.1558 - Washington, D.C.