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Citizens loses condo court case

DAYTONA BEACH — For the second time in less than a year, a jury on Tuesday found that state-run Citizens Property Insurance Corp. should pay owners of a local condominium for damages sustained during Hurricane Frances in 2004. Owners of the 18-story, 124-unit Inlet Condominium in New Smyrna Beach were awarded $3.3 million for damages…

Insurer to pay $92.8 million for Katrina claims

A Louisiana judge has ordered Louisiana Citizens Property Insurance Corp. to pay $92.8 million to 18,573 policyholders in the state whose claims from damage caused by Hurricane Katrina were not adjusted on time. The state-sponsored insurer of last resort is expected to appeal the judgment by Jefferson Parish Judge Henry Sullivan, according to the Times-Picayune…

2009 Hurricane Forecast

AccuWeather.com Chief Long-Range and Hurricane Forecaster Joe Bastardi has released an early hurricane season forecast for 2009 that calls for fewer landfalls in the United States, as well as a lower overall number of named storms. However, storms may be more likely to form in the Atlantic Basin closer to the coast and the possibility…

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