LES Realty Trust v. Landmark American Insurance

The plaintiffs, four owners and one operator of two Louisiana apartment complexes that were severely damaged in August, 2005, during Hurricane Katrina, appeal from the grant *695of summary judgment to their excess insurer, the defendant, Landmark American Insurance Company (Landmark).2 At issue is the motion judge’s ruling that Landmark’s liability under an excess insurance policy is limited to the stated values of the damaged properties, less the limits paid by the primary insurer, rather than the full stated values, as contended by the plaintiffs. We affirm.

Our review is de nova, not only…