BATON ROUGE, La. (AP) — Louisiana's property insurer of last resort is offering nearly $103 million to settle disputes over its handling of claims after hurricanes Katrina and Rita more than six years ago.
The governing board of the Louisiana Citizens Property Insurance Corp. voted 12-0 Wednesday to bump up its previous settlement proposal of $80 million, which had been rejected by the plaintiffs' lawyers.
Plaintiffs' attorney Fred Herman said he wouldn't comment on the proposal until the lawyers receive a written offer.
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