Commissioner Jim Donelon says a decision won’t be made until next week on whether the state’s property insurer of last resort will pursue a U.S. Supreme Court appeal of a $93 million judgment against the company.
Donelon said that his office and leaders of the Louisiana Citizens Property Insurance Corp. continue to discuss their remaining legal options.
Citizens was found to have moved too slowly in dealing with claims after Hurricanes Katrina and Rita.
At issue is whether Citizens will pay $350,000 to a Washington-based law firm to ask the Supreme Court to consider an application for appeal of the judgment, which has grown to $104 million with interest.
The high court refused to stall payment of the judgment, even if Citizens tries the federal appeal.
Topics Louisiana
Was this article valuable?
Here are more articles you may enjoy.
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
What Analysts Are Saying About the 2026 P/C Insurance Market 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
