Post-Settlement Attempts To Assert Bad Faith Constitute A Breach, Judge Rules

NEW ORLEANS - The Housing Authority of New Orleans (HANO) breached a 2009 settlement agreement with its commercial liability insurer by seeking to reassert claims for defense costs and bad faith penalties in an underlying case after compromising its right to make any such claims, a Louisiana federal judge ruled May 2 (Republic Insurance Co. v. Housing Authority of New Orleans, No. 2:08-cv-04748, E.D. La.; 2013 U.S. Dist. LEXIS 64386)....(read more)