Martinez v. Magnolia Fire & Casualty Co.

I iWICKER, Judge.

The main issue on this appeal is whether the Louisiana Insurance Guaranty Association (LIGA), defendant-appellant, is liable to pay a claim under an appeal bond from an insolvent surety company. We conclude LIGA is not hable and we reverse the judgment of the district court.

The appeal arose out of a suit on a construction contract in which there was judgment in favor of the plaintiffs, Joan Martinez, wife of/and Lionel Serigne, d/b/a Serigne’s Marina, against the defendants, Pelican State Mutual Insurance Company and its insured, Shoreline Specialties, Inc. The defendants…