NU Online News Service, Dec. 20, 1:02 p.m. EST
Louisiana Insurance Commissioner Jim Donelon says a recent state Supreme Court decision to reinstate a nearly $93 million class-action judgment against the state's last-resort insurer is a "potentially devastating event."
Speaking at a press conference in Baton Rouge, La., Donelon says every property-insurance policyholder is at "grave risk and exposure."
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