Mid-America Catastrophe Services

Louisiana Citizens Property Insurance Corp. reaches $23 million settlement

 Tuesday, August 24, 2010

 The Times-Picayune

Louisiana Citizens Property Insurance Corp. has reached a $23 million settlement with thousands of plaintiffs who say they were not properly compensated after hurricanes Katrina and Rita for the work needed to coordinate repairs on their homes. The case, Stephanie Press v. Louisiana Citizens Fair Plan Property Insurance Corp., deals with what's known as general contractor's overhead and profit.
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