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Ports mull insurer lawsuits.
The Port of New Orleans has threatened to lodge a complaint against its insurer unless its claim is settled soon, according to port officials. The dock board decided at its recent monthly meeting to file a complaint with the Louisiana Insurance Commission unless Lexington Insurance pays the port's full claim by Friday.
The port has been paid $13.7 million out of its $20 million claim with Lexington. The port must settle its primary insurance claim before it can become eligible for any federal aid or secondary insurance.
In June, Standard & Poor raised its …
