A bill in the Louisiana Legislature that clamps down oninsurers' ability to reject home and business property claimsshould win passage by Friday, its sponsor said today.
The prediction came from Sen. Julie Quinn, a Republican from theNew Orleans suburb of Metairie, whose measure is being fought bythe Property Casualty Insurers Association of America.
PCI argues the legislation would saddle insurers with “billions”in claim costs by making it more difficult to deny home andbusiness property claims involving flood damage.
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