Panel: There Can Be No Estoppel Of Flood Policy’s Proof-Of-Loss Requirement

Mealey's (December 15, 2016, 10:49 AM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Dec. 6 affirmed a lower federal court’s ruling in favor of a federal flood insurer and an insurance broker in a dispute over coverage following a heavy rainfall, rejecting the insureds’ argument that the insurer is estopped from alleging that their proof of loss is inadequate (James Miller, et al. v. American Strategic Insurance Corp., et al., No. 16-30251, 5th Cir.; 2016 U.S. App. LEXIS 21731)....