Richard Robertson

• Louisiana Citizens CEO Retiring June 1

  By Chad Hemenway, PropertyCasualty360.com  |  March 20, 2013

  The CEO of Louisiana’s last-resort insurer says he plans to retire and leave the Gulf Coast the day hurricane season begins.

• Louisiana Citizens to Borrow $100M; State Treasurer Objects

  By Staff Writer  |  March 18, 2013

  The board for Louisiana Citizens Property Insurance Corp. voted Thursday to borrow $100 million through bonds to cover a cash shortfall of $70 million, despite the objections of the state’s Treasurer.

• Isaac Could Spell Money Trouble for Louisiana Last-Resort Insurer

  By Chad Hemenway, PropertyCasualty360.com  |  August 28, 2012

  The head of Louisiana’s last-resort insurer says the claims generated by Hurricane Isaac will determine if it has enough funds to fulfill all of its obligations.

• After Court Battles, La. Citizens Seeks to Settle Thousands of Katrina Claims

  By Chad Hemenway, PropertyCasualty360.com  |  August 14, 2012

  Louisiana Citizens Property Insurance Corp. is attempting to fully put the past behind it by authorizing its attorneys to begin settlement talks with disgruntled policyholders from the 2005 hurricane season.

• Citizens Insurance Plaintiffs Clear Another Hurdle

  By ALAN SAYRE, AP BUSINESS WRITER  |  March 9, 2012

  A judge has removed another legal hurdle for policyholders of Louisiana Citizens Property Insurance Corp. trying to collect more than $100 million for the company's failure to handle claims quickly enough following the 2005 hurricanes.

• Attorneys Reject Settlement Offer from Louisiana Last-Resort Insurer

  By Chad Hemenway, PropertyCasualty360.com  |  February 27, 2012

  Attorneys representing a group of homeowners that sued the Louisiana insurer of last resort have rejected a settlement offer, calling it “fatally flawed.”

• Louisiana Citizens, Attorneys Spar Over Class-Action Judgment

  By Chad Hemenway, PropertyCasualty360.com  |  February 16, 2012

  Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs’ attorneys over more than $100 million are off to a rocky start following a U.S. Supreme Court decision to not delay the execution of the class-action judgment against the last-resort insurer.

• Talks to Settle Louisiana Citizens Class-Action Begin Badly

  By Chad Hemenway, PropertyCasualty360.com  |  February 10, 2012

  Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs’ attorneys over more than $100 million are off to a bad start.

• Louisiana Citizens Board to Consider Settlement of Suit

  By Chad Hemenway, PropertyCasualty360.com  |  February 8, 2012

  The board of directors of Louisiana Citizens Property Insurance Corp. is scheduled to meet tomorrow to discuss a proposed settlement in a case involving payments to thousands of policyholders.

• U.S. Supreme Court Declines Louisiana Citizens' Request for Stay in Class Action Suit

  By Phil Gusman, PropertyCasualty360.com  |  February 2, 2012

  The U.S. Supreme Court has decided not to delay the execution of a judgment against Louisiana Citizens Property Insurance Corp. while the last-resort insurer prepares an application for the high court to hear the case.

• Judge Stops Attorneys From Seizing Louisiana Last-Resort Insurer Funds

  By Associated Press  |  January 31, 2012

  A judge Monday stopped attorneys trying to seize bank accounts of Louisiana's property insurer of last resort to collect more than $100 million they won for homeowners who claimed the company dragged its heels in adjusting hurricane claims in 2005.

• Louisiana Supreme Court Won’t Reconsider Citizens Ruling

  By Chad Hemenway, PropertyCasualty360.com  |  January 24, 2012

  Louisiana’s last-resort insurer is considering going to the U.S. Supreme Court after the state’s highest court chose not to reconsider its decision to reinstate a $92.7 million award in favor of policyholders.

• Louisiana Citizens Proposes 10.5% Homeowners Rate Hike

  By Melissa TinklePaugh  |  January 19, 2012

  Louisiana Citizens Property Insurance Corp. has proposed a 10.5 percent overall increase to homeowners’ insurance rates in order to correct inadequate rates for wind-and-hail coverage, according to Richard Robertson, CEO of the state-run, last-resort insurer.

• Louisiana Citizens Asks State High Court to Reconsider $100M Award

  By Chad Hemenway, PropertyCasualty360.com  |  January 13, 2012

  Louisiana Citizens Property Insurance Corp. doesn’t think the state Supreme Court addressed all the issues it should have before reinstating what has become a judgment of more than $100 million for policyholders.

• Louisiana Citizens Asks State High Court to Rethink $100M Award

  By Chad Hemenway, PropertyCasualty360.com  |  January 6, 2012

  Louisiana Citizens Property Insurance Corp. does not think the state Supreme Court addressed all of the issues it should have before reinstating what now is a judgment of more than $100 million for policyholders.

• Donelon Rejects State Farm Rate Hike, Cuts La. Citizens Hike

  By Chad Hemenway, PropertyCasualty360.com  |  March 25, 2011

  Louisiana Insurance Commissioner Jim Donelon has rejected State Farm’s request for a statewide 14.3 percent homeowners rate hike and approved a reduced rate increase for Louisiana Citizens Insurance Corp., the state’s last resort insurer.