[StBernard] Settlements and verdicts

[Westley Annis]

SETTLEMENTS AND VERDICTS:


*	Hurricane Insurer Settles 2 Class Actions for $35 Million <http://www.lawyersandsettlements.com/settlements/12722/hurricane-insurer-settles-2-class-actions-35-million.html?ref=newsletter_bca_hurricane-insurer-settles-2-class-actions-35-million>  

Hurricane Insurer Settles 2 Class Actions for $35 Million
A settlement of $35 million has been reached between the members of 2 class action lawsuits and Louisiana Citizens Property Insurance Corporation. 

The state-run insurer had specialized in covering high-risk properties, however the aftermath of hurricane Katrina escalated the costs and times involved in settling claims.

The suits alleged that the insurer had failed to provide a written offer to settle policyholders' claims within 30 days of notification of losses related to hurricanes Rita and Katrina.


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