A Mississippi official said the state is negotiating disputed Hurricane Katrina home damage claims with “almost all insurers in the state,” concurrent with a report that State Farm is near a mass settlement of Katrina homeowners' law suits.
Lee Harrell, Mississippi deputy insurance commissioner, also said that mediation activity by his department had resulted in the settlement of 5,000 disputes between homeowners with Katrina claims and carriers.
Mr. Harrell said that the majority of claims from the August 2005 storm still in dispute were south of Interstate 10, “where the water surge stopped.”
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