Katrina News

Louisiana’s State-Run Property Insurer $56M in the Red

Louisiana’s state-run property insurer of last resort is $56 million in the red, after it covers claims for Hurricane Isaac and settles class-action lawsuits for improper handling of past storm claims. Steve Cottrell, chief financial officer for the Louisiana Citizens …

HUD Paves Way for New Hospital in Katrina-Hit Area

New Orleans Mayor Mitch Landrieu has announced federal mortgage insurance approval that will allow construction to begin on a full-service hospital in New Orleans East — one of the areas devastated by flooding in 2005 when levees failed during Hurricane …

Louisiana Citizens Pays $61M to Settle Katrina, Rita Claims

Louisiana’s insurance company of last resort agreed on Sept. 13 to settle two remaining class-action lawsuits tied to claims handled after Hurricanes Katrina and Rita. The board for the Louisiana Citizens Property Insurance Corp. voted unanimously to settle the long-running …

Judge Hears Case Over Katrina Floodwall Failure

Alvin Livers lost his dream home when busted floodwalls unleashed a torrent of water that inundated his New Orleans neighborhood during Hurricane Katrina. Seven years later, Livers is one of several homeowners seeking to hold the Army Corps of Engineers …

Louisiana Citizens Seeking to Settle Hurricane Lawsuits

Louisiana’s property insurer of last resort is trying to negotiate settlements on two remaining class action lawsuits tied to the company’s handling of claims after hurricanes Katrina and Rita. The board for the Louisiana Citizens Property Insurance Corp. has voted …

Millions Spent on Upkeep of Empty Katrina Lots

More than 3,000 lots flooded by Hurricane Katrina and bought with federal money in an emergency bailout sit idle across this city — a multimillion-dollar drain on federal, state and city coffers that lends itself to no easy solution. An …

Judge Rules for Employees in Post-Katrina New Orleans School Firings

Thousands of New Orleans school employees were wrongfully fired after Hurricane Katrina scattered the populations and shut down the city and its schools, a Louisiana judge ruled. Judge Ethel Simms Julien awarded more than $1 million to seven people who …

Louisiana Parish Wants to Dispose of State-Owned Katrina Properties

A St. Bernard Parish commission is debating what to do with about 2,000 parish properties sold to the state by victims of Hurricane Katrina. The Times-Picayune reports that a panel overseeing the properties will discuss what to do with the …

Louisiana Citizens Approved for $75M Line of Credit

Louisiana’s property insurer of last resort has gotten permission to secure a $75 million cash line of credit in case a hurricane damages the state. The Louisiana Citizens Property Insurance Corp. has enough money set aside to cover a $110 …

Louisiana Commissioner: Property Insurance Market Has Recovered

Louisiana Insurance Commissioner Jim Donelon told an Alexandria civil club that the state’s property insurance market is “more competitive than ever.” The Town Talk reports Donelon spoke on May 8 to the Alexandria Rotary Club about the recovery of the …