Panel: Insurer Did Not Intend To Offer ‘Eighty Thousand Dollars’ In Hurricane Suit

(June 28, 2024, 1:14 PM EDT) -- NEW ORLEANS — A Louisiana appeals panel held that a builders risk insurer did not intend to offer $80,000 to settle a Hurricane Zeta coverage dispute and that the insurer and its insured did not have a meeting of the minds to compromise the dispute for that amount, reversing a lower court’s grant of the insured’s motion for judgment and remanding after the insurer argued that its original offer was a mistaken typographical error and its intent was to submit an $8,000 offer....