La. Insurer Takes $105M Katrina Award To High Court

Law360, New York (April 19, 2012, 2:39 PM EDT) -- Louisiana’s insurer of last resort on Wednesday asked the U.S. Supreme Court to hear its appeal of a state court’s $105 million ruling for a class of policyholders who claim the insurer was too slow to adjust their claims after Hurricane Katrina.

The Louisiana Citizens Property Insurance Corp., created by state law to cover citizens who can’t afford market-rate property insurance, said its due process rights prohibit the state court from ordering it to pay the statutory maximum penalty to each class member, when none of...
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