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In his weekly radio address last week, Mississippi Senator Trent Lott stressed the importance of the Broussard v. State Farm verdict and expressed hopes for a settlement. He also announced that he has commissioned a study to look at developing a national catastrophe fund.

The Broussard verdict found that evidence was inconclusive in terms of determining damages caused by flooding and damages due to wind. It granted the plaintiffs more than $220,000 due from their insurance policy, and also awarded $2.5 million in punitive damages.

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