Citizens Insurance loses court fight over Katrina claims

 Tuesday, April 10, 2012

 HoumaToday.com

The Louisiana Supreme Court has struck down another attempt by the state’s property insurer of last resort to avoid paying more than $100 million for late adjustment of hurricane damage claims in 2005. Monday’s action reversed a state appeals court order that had blocked the banker for Louisiana Citizens Property Insurance Corp. from revealing where it is holding the company’s money.
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