High Court Rebuffs Insurer's Protest Of $105M Katrina Award

Law360, New York (June 25, 2012, 4:20 PM EDT) -- The U.S. Supreme Court on Monday refused to hear Louisiana Citizens Property Insurance Corp.'s appeal of a $105 million judgment in a class action over its handling of claims after Hurricane Katrina, leaving alone a ruling that penalties can be imposed without a showing of bad faith.

Louisiana's property insurer of last resort told the high court that the Louisiana Supreme Court's decision to uphold an award of a $5,000 civil penalty to each of the more than 18,000 policyholders bringing suit had violated its due...
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