Appeals court tosses Citizens settlement | WBRZ News 2 Louisiana : Baton Rouge, LA |

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Appeals court tosses Citizens settlement

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Posted: Apr 22, 2010 8:01 AM by Andrea Fontenot
Source: Associated Press

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Topics: Louisiana Citizens Property Insurance Corp., settlement, thrown out, voided, Hurricane Katrina, Hurricane Rita

An appeals court has tossed out the $35 million settlement of two class-action lawsuits against Louisiana Citizens Property Insurance Corp.

The court said the deal was not fair to some policyholders.

The appellate court ruling could prove costly to Citizens, which faces three class-action lawsuits because of delays in adjusting and settling claims from hurricanes Katrina and Rita.

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