If this flies, it will set a precedent, and contract law in this country is dead.
And insurance will be so expensive no-one will be able to afford adequate coverage.
no so. I think part of the issue is not the flood but the fact that insurance companies are trying to say ALL H20 damage is "flood".
Apparently Miss. law has a nuance which would require coverage. Thus when the companies entered Miss. they were on notice for the legal requiremnts.
This happens all the time with national companies which fail to account for state by state legal differences in law.
The lawyers will make out.
(in a related situation, retirees run into this when they retire and die in one state but have a will written under the laws of another state. The nuances can be very important.)