NU Online News Service, Aug. 21, 3:44 p.m.EDT
Louisiana's top insurance regulator said Citizen's PropertyInsurance Corp. will be able to post a $95 million bond so thestate-backed carrier can appeal a crushing $92.8 millionjudgment.
Insurance Commissioner Jim Donelon said he was "certain" itwould not be necessary to assess Citizens' policyholders for thecash to appeal to the Louisiana State Supreme Court in a caseinvolving Hurricane Katrina claims.
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