NU Online News Service, Feb. 8, 3:07 p.m. EST
Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs' attorneys over more than $100 million are off to a bad start.
According to Richard Robertson, chief executive officer of Citizens, the state-run insurer and plaintiffs' attorneys continue to meet today in an attempt to resolve years of litigation with policyholders who say the last-resort insurer failed to start the claims-adjusting process within the time frame set by law following Hurricanes Katrina and Rita in 2005.
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