NU Online News Service, Feb. 8, 3:16 p.m.EST
The board of directors of Louisiana Citizens Property InsuranceCorp. is scheduled to meet tomorrow to discuss a proposedsettlement in a case involving payments to thousands ofpolicyholders.
According to Richard Robertson, chief executive officer ofCitizens, the board will discuss a settlement agreement submittedby the plaintiffs of a class-action lawsuit that accuses thestate-run insurer of failing to start the claims-adjusting processwithin the time frame set by law following hurricanes Katrina andRita in 2005.
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