Progressive, Apartment Building Owner Settle Katrina Suit

Law360, New York (August 27, 2012, 1:34 PM EDT) -- A Louisiana federal judge on Friday approved the settlement of a lawsuit brought by a New Orleans apartment complex owner against Progressive Casualty Insurance Co. to recover payments for Hurricane Katrina damage that were allegedly misappropriated by an insurance adjuster.

In an order dismissing the case without prejudice, U.S. District Judge Susie Morgan said the parties told the court they had firmly agreed on a compromise in the matter, though details of the agreement were not disclosed. They have 60 days to consummate the settlement, Judge...
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