NU Online News Service, Aug. 25, 10:14 a.m. EDT
Louisiana's state-backed homeowners insurer has secured permission to appeal a $95 million judgment against it over Hurricane Katrina claims without having to post a bond in that amount.
Insurance Commissioner Jim Donelon announced yesterday that Judge Henry Sullivan of the 24th Judicial District Court in Gretna, La., had agreed to allow Louisiana Citizens Property Insurance Corp. to pay $6 million to a group of class-action attorneys while its appeal to the state's Supreme Court goes forward.
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