La. Citizens appeals to SCOTUS, despite order to pay policyholders

Louisiana Citizens Property Insurance Corp. on April 18 filed a last ditch appeal to the U.S. Supreme Court seeking to overturn a more than $100 million judgment that it was slow to adjust claims from 2005’s Hurricane Katrina and Hurricane Rita, the Associated Press is reporting.

The appeal marks the last judicial option left for the state-run insurer-of-last-resort, which has lost all of its prior appeals in state court. Indeed, as reported by Rebecca Mowbray of The (New Orleans) Times-Picayune, Citizens filed its appeal on the same day that Jefferson Parish Judge Henry Sullivan signed an order for the full $104.6 million to be deducted from Citizens’ account at Regions Bank.

http://outofthestormnews.com/2012/04/20/la-citizens-appeals-to-scotus-despite-order-to-pay-policyholders/

Yup.  That’s right, it’s 2012.  Hurricanes Katrina and Rita were in 2005.  I suspect in 3012 we will be still talking about it…maybe even cele-mourning  the silver-linings or something.  And a few lawsuits will be well on there way to being settled and stuff.