A recent release by State Farm reported that claims involving damage from hurricane Katrina in three Mississippi coastal counties will be reviewed and reconsidered through a resolution process overseen by the U.S. district court.

The Scruggs Katrina Group and State Farm, the largest property insurer in the state, have agreed to meet as part of a class action lawsuit settlement against the insurer by families who feel their damage claims were not handled sufficiently.

"This is a big step in the right direction," Mississippi Commissioner of Insurance George Dale told State Farm. "I'm pleased that this agreement will quickly put money into the hands of those along the Gulf Coast without lengthy litigation."

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.