NEW ORLEANS AP – The nation’s largest insurance company has settled out of court with more than a dozen Mississippi policyholders whose lawyers were barred from representing them in lawsuits against the insurer over Hurricane Katrina damage, according to court filings Thursday.
State Farm Fire and Casualty Co. initiated or reopened settlement talks with policyholders after a federal judge in April disqualified their attorneys from handling up to 200 lawsuits against the Bloomington, Ill.-based company.
