Louisiana may be able to recoup much of the money it handed out following Hurricanes Katrina and Rita in 2005 to help storm victims repair their homes, following a recent ruling by the states high court. Under a program known as "Road Home," grants of up to $150,000 dollars were provided to recipients to repair uninsured or under-insured property damage after the two hurricanes. In exchange, the state required more than 150,000 homeowners accepting Road Home money to sign a "Limited Subrogation/Assignment Agreement," which allowed the state the right to receive reimbursement from any funds paid to the homeowners by companies that insured their homes.
Court Decision Moves Louisiana Closer to Recouping Road Home Money
External References & Further Reading
http://www.insurancejournal.com/news/southcentral/2011/05/15/198522.htm



