Federal jury returns $21 million verdict against insurer in Katrina case in Louisiana

Here's a case I've been meaning to get to for a few days -- Marketfare Annunciation, LLC v. United Fire & Casualty Ins. Co. On June 6 a federal jury in the Eastern District of Louisiana, in New Orleans, handed down a $21 million against United Fire and in favor of Marketfare, a small local grocery store chain, over Katrina damage.The insured claimed losses under its property insurance business interruption insurance because of covered wind damage, from what I can make out in the pleadings. The insurer said the losses were due to uncovered flood, and it appears the insured accepted flood insurance payments of some $6 million. A substantial part of the verdict, as I read the pleadings, was for business interruption insurance, but the insurer's position was that some of the c