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: Bodily Injury BlogAttorney: Deal Likely in Insurance Lawsuit
By Edward Bills
Louisiana Citizens Property Insurance Corp. may be able to pay a temporary fee to plaintiff attorneys while the state-run property insurance company attempts to appeal a $95 million Katrina-related verdict, an attorney familiar with the matter said. The proposed temporary payment stems from various court rulings that said Citizens must post a cash bond before it can appeal the judgment. Insurance officials have complained that such a cash bond would leave the company financially exposed during the height of hurricane season.
Full post as published by Bodily Injury Blog on August 24, 2009 (boomark / email).
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