La insurer asks for Supreme Court appeal on claims
Apr 18, 2012, 10:41 PM
AP Business Writer
NEW ORLEANS (AP) – Louisiana’s property insurer of last resort has asked the nation’s highest court to hear an appeal of a $104.6 million award to 18,500 policyholders who sued over slow adjustment of hurricane claims in 2005.
The action by Louisiana Citizens Property Insurance Corp. came as an order was issued to the East Baton Rouge Parish sheriff to get the money from the insurer’s bank.
In a statement, plaintiff attorney Fred Herman said a state district judge in Jefferson Parish would decide how to divide the money once it is turned over by Regions Bank.
Citizens’ chief executive, Richard Robertson, said a request for the U.S. Supreme Court to hear the case was filed Wednesday. There was no indication of when the court might decide to accept or reject the request.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
