NU Online News Service

A federal judge who ruled that a jury could impose punitive damages on State Farm for its mishandling of a Hurricane Katrina claim, has decided that the $2.5 million award should be reduced to $1 million.

U.S. District Court Judge L.T. Senter Jr. in Gulfport, Miss., said that even though the company's conduct was "reprehensible," a lesser award was more appropriate.

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.