Insurance Commissioner Jim Donelon has asked Louisiana’s insurer of last resort to reconsider plans for a $100 million bond issue.

Trustees of Louisiana Citizens Property Insurance Corp. voted March 13 to ask the State Bond Commission for permission to issue the revenue bonds supported by a statewide assessment on property owners. Proceeds would be used to complete payment of outstanding claims from two hurricanes in 2005 and a $42 million final payment from a class-action lawsuit.

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