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December 27, 2007

Insurance Lawsuit Alleges Price Fixing

Filed under: Disaster Insurance — Tags: , , , — John Banta @ 12:51 pm

According to a December 27th on-line story a lawsuit has been filed by Attorney General Charles Foti in Orleans Parish Civil District Court alleging collusion, price-fixing and anti-trust violations by six major insurance companies as a result of claims filed from Katrina. If successful, this suit could have wide reaching implications for the insurance industry. The details are available at:

 http://www.claims-portal.com/npps/story.cfm?nppage=1779

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