The head of Louisiana's last-resort insurer says the claims generated by Hurricane Isaac will determine if it has enough funds to fulfill all of its obligations.
Isaac is on track for a New Orleans landfall within 25 hours, but claims from the storm are not the only worry for Louisiana Citizens Property Corp.
The state-run insurer is locked into paying a nearly $105 million judgment from a long-fought battle in a class-action case involving more than 18,500 policyholders who say Citizens did not begin adjusting their claims within a 30-day time limit after hurricanes Katrina and Rita in 2005.
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