Louisiana Citizens Property Insurance Corp. reaches $23 million settlement (The Times-Picayune )

Louisiana Citizens Property Insurance Corp. reaches $23 million settlement

  Tuesday, August 24th, 2010 Source: 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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