Panel Rejects Argument That Insurer, Agent Misrepresented Property Was Insurable

Mealey's (March 14, 2017, 4:37 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on March 7 affirmed a lower federal court’s grant of summary judgment in favor of a federal flood insurer and an insurance agent in an insured’s lawsuit over Hurricane Ike flood damage, rejecting the insured’s argument that she reasonably relied on the defendants’ misrepresentations that her property in the Coastal Barrier Resources System (CBRS) was insurable (Danuta Lobeck v. Tina M. Licatino, et al., No. 16-40967, 5th Cir., 2017 U.S. App. LEXIS 4040)....