Mortgage Lender Responds To Flood Insurer’s Appeal Of Hurricane Isaac Dispute

Mealey's (April 13, 2016, 12:20 PM EDT) -- NEW ORLEANS — A mortgage lender on March 29 asked the Fifth Circuit U.S. Court of Appeals to uphold a federal district court’s $115,279.33.34 judgment against its flood insurer in a dispute arising from Hurricane Isaac damage (Alfred Cotton, et al. v. Certain Underwriters at Lloyd’s of London, No. 15-31005, 5th Cir.).

(Appellees’ brief available. Document #51-160414-017B.)

Force-Placed Flood Insurance

Alfred and Rubbie Cotton failed to maintain flood insurance on their properties as required by their mortgage lender First American Bank and Trust (FAB&T). FAB&T bought...
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