Majority Affirms Ruling In Last Resort Insurer’s Favor In Hurricane Coverage Suit

( November 15, 2024, 1:43 PM EST) -- BATON ROUGE, La. — A majority of a First Circuit Louisiana Court of Appeal panel held that a lower court properly interpreted the state Legislature's amendment of Louisiana Revised Statutes Section 22:1892(H) by Act 290 to be a procedural change that applied retroactively and, as a result, eliminated any class action for damages, including bad faith penalties, brought against the state’s insurer of last resort....