La. Insurer's Katrina Claims-Handling Deal Gets Final OK

Law360, New York (October 31, 2013, 3:50 PM EDT) -- A Louisiana judge blessed an eight-figure settlement on Wednesday between the state’s property insurer of last resort and a policyholder class over alleged claim handling delays after hurricanes Katrina and Rita, opening the door for extra compensation on around 60,000 claims.

The estimated $40 million deal resolves a long-running class action accusing Louisiana Citizens Property Insurance Corp. of waiting to begin the loss adjustment process until 30 days after being contacted, a violation of state law.

The class consists of tens of thousands of property owners...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.