The Fat Lady Has Just Begun Singing!

"Millions of people forced out of New Orleans by Hurricane Katrina may not be insured for the damage to their homes.

More than half of the properties in the city are understood to be insured only for hurricane damage, with insurers insisting that it was a flood that forced the evacuation of the city.

If US courts agree, this could save the insurance industry as much as $10bn (£5.4bn) and leave more than a million people destitute."

Insurers balk at paying out to 1 millions Katrina flood victims