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La. AG Sues Insurers, Alleges Price-Fixing, Conspiracy in Hurricane Claims Payments
Louisiana Attorney General Charles Foti is suing the state's largest property insurance companies, accusing insurers of conspiring to limit payments to policyholders after hurricanes Katrina and Rita and engaging in an elaborate price-fixing scheme. The lawsuit, filed Wednesday in a state court in New Orleans, alleges that Allstate Insurance Co., State Farm Fire and Casualty Co. and other insurers worked together to manipulate damage estimates and low-ball claims payments after the 2005 hurricanes.
November 08, 2007 at 12:00 AM
1 minute read
By Michael Kunzelman |
Updated on November 08, 2007
The original version of this story was published on Law.Com
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