AP - More than 100 Mississippi policyholders who sued State Farm Insurance Cos. for refusing to cover damage from Hurricane Katrina have been paid this week as part of a multimillion dollar settlement with the insurer, attorneys for the homeowners said.State Farm agreed last month to pay about $80 million to settle lawsuits filed by 640 policyholders whose claims were denied after the Aug.
February 07, 2007 at 12:00 AM
1 minute read
AP – More than 100 Mississippi policyholders who sued State Farm Insurance Cos. for refusing to cover damage from Hurricane Katrina have been paid this week as part of a multimillion dollar settlement with the insurer, attorneys for the homeowners said.
State Farm agreed last month to pay about $80 million to settle lawsuits filed by 640 policyholders whose claims were denied after the Aug. 29, 2005, storm that destroyed tens of thousands of homes on Mississippi’s Gulf Coast.
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