LAWSUITS NEWS & LEGAL INFORMATION
Louisiana Citizen's Insurance Settles Class Action for $35 Million
This is a settlement for the Bad Faith Insurance lawsuit.
Victims of hurricanes Katrina and Rita who filed a class action suit against the insurer Louisiana Citizens Insurance Corp, will finally be receiving some financial compensation. The board of the insurance company has agreed to pay $35 million to settle the class action, which alleged that the company was late in paying polyholders' claims resulting from the hurricanes.
There are approximately $35,000 claimants who may receive up to $1,000 each from the settlement fund.
Published on Nov-17-08
There are approximately $35,000 claimants who may receive up to $1,000 each from the settlement fund.
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