Mississippi's insurance regulator announced today that State Farm had agreed to his request that they reexamine all claims involving policyholders in the state whose homes were smashed off their foundation slabs by Hurricane Katrina.
A State Farm spokesman indicated the arrangement with Insurance Commissioner George Dale was separate from a proposed class-action settlement for 36,000 property owners in three Mississippi Counties that is being considered by a federal judge in Gulfport, Miss.
Richard "Dickie" Scruggs--the lead plaintiff attorney for the group involved with the class-action--assailed the commissioner's announcement saying it "merely requires State Farm to do what the law has always required them to do. It is clearly an election year illusion by State Farm to help its favorite commissioner."
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