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Group Wants Insurance Lawsuit Deadline Pushed Back Again

The Times-Picayune (posted on nola.com)

August 12, 2007

Filed under: Commerce

Archived Copy

The deadline for filing insurance lawsuits is tantamount to the deadline for resolving insurance claims, because once the deadline for initiating legal action has passed, there is no incentive for companies to pay any more money because their obligation cannot be enforced. Filing a lawsuit preserves legal rights so that negotiations over the hurricane claim can continue.