The insurer of last result is concentrating on settling severe weather lawsuits. Citizens Property Insurance Corp. in Louisiana is working to negotiate the settlements of the last two hurricane insurance class action lawsuits that it has been handling regarding the claims from Katrina and Rita. The board has voted to authorize two settlement negotiator groups to work on establishing agreements. According to the CEO of Citizens, Richard Robertson, “The board really would like to get these cases resolved and move forward.” Any of the proposals that are made will be…
Read MoreHurricane insurance in Louisiana takes center focus for Citizens
