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Award (how much your claim may be worth): Up to 20% of the GCOP payment you should have received.
Class Action Lawsuit Settlement Case(s):Â Stephanie Press, et al v. Louisiana Citizens Fair Plan Property Insurance Corporation Case No. 06-5530 in the Civil District Court for the Parish of Orleans, State of Louisiana
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Company(ies):Â LOUISIANA CITIZENS FAIR PLAN PROPERTY INSURANCE CORPORATION
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Website Link to access the Class Action Lawsuit Settlement and get YOUR Stake (DOWNLOAD CLAIM FORM HERE): www.louisianasettlement.com
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Address of Class Action Lawsuit Settlement Administrator to submit a claim form (REQUIRED):
Louisiana Citizens Settlement
P.O. Box 2320
Faribault,MN 55021-9020
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Download your claim form at www.louisianasettlement.com.
Phone Number to call for assistance:Â 1-866-665-8480
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Details: The Louisiana Citizens Fair Plan Property Insurance class action lawsuit claims that Louisiana Citizens withheld payments of general contractor’s overhead and profit (GCOP) from amount paid under homeowner’s insurance policies following Hurricanes Katrina and/or Rita.
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GCOP is an amount typically charged by general contractors who oversee repairs to a building or structure. This may include supervising, scheduling, and/or warranting work and/or materials supplied by one or more subcontractors. Under Louisiana Citizens homeowners’ insurance policies, if repairs to a policyholder’s property require the use of three or more trades (i.e.; a skilled occupation devoted to certain repairs and/or building activities, such as carpentry, drywall, electrical work, masonry, painting, plumbing and roofing), Louisiana Citizens must pay 20% for GCOP. A policyholder does not need to actually hire a general contractor or even perform the repairs in order to qualify for a payment for GCOP.
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Under the terms of the Louisiana Citizens Hurricanes Katrina and Rita class action settlement, a fund worth $23 million has been created to pay eligible homeowners whose insurance payment did not include 20% for GCOP. Your payment from this Louisiana Citizens settlement fund will be based on the total amount of your damage as well as the number of valid claims that are filed, up to 20% of the GCOP payment you should have received. For more information visit www.louisianasettlement.com.
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To be eligible for the Louisiana Citizens Property Insurance class action lawsuit settlement, you must meet the following requirements:
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–       Insured under a Louisiana Citizens homeowners’ insurance policy at the time of Hurricanes Katrina and/or Rita;
–       Had damage to a structure covered by a Louisiana Citizens homeowners’ insurance policy as a result of Hurricanes Katrina and/or Rita;
–       Louisiana Citizens’ insurance adjustment shows three or more trades were involved in the repair of the damaged structure;
–       Payment was based on Louisiana Citizens’ adjustment of damages; and
–       Payment did not include 20% GCOP.
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If you already received your full policy limits for damage to or loss of your home or other insured structure, previously settled your claim with Louisiana Citizens and signed a release, or currently have an individual lawsuit against Louisiana Citizens involving damage from Hurricanes Katrina or Rita, you are not included in the Louisiana Citizens settlement.
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If you have any questions or wish to submit a claim in the Louisiana Citizens Fair Play Property Insurance class action lawsuit settlement, head over to www.louisianasettlement.com for more information and submit your claim now!
Purchased From: N/A
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Claims must be postmarked by: 10/20/10
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Settlement Administrator(s): Rust Consulting, Inc.
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Class Counsel:
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Allan Kanner, Esq.
Kanner & Whiteley, LLC
Defense Counsel:
Emile C. Rolfs, III, Esq.
Breazeale, Sachse & Wilson, LLP
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Louisiana Citizens Rita and Katrina Insurance Settlement
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