NEW ORLEANS, May 3 (UPI) -- New Orleans Mayor Ray Nagin announced Monday, just hours before leaving office, the city had settled Hurricane Katrina claims with an insurance company.
Nagin said in a 5:02 a.m. news release the city will receive the first of two $11.8 million payments from the unnamed firm within two weeks, The (New Orleans) Times-Picayune reported. It was not known whether new Mayor Mitch Landrieu, who was sworn in at midmorning, had been apprised of the settlement, the newspaper said.