NU Online News Service, Feb. 8, 3:16 p.m. EST
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.
According to Richard Robertson, chief executive officer of Citizens, the board will discuss a settlement agreement submitted by the plaintiffs of a class-action lawsuit that accuses the state-run insurer of failing to start the claims-adjusting process within the time frame set by law following hurricanes Katrina and Rita in 2005.
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