A proposed State Farm class-action settlement for Mississippi homeowners with Hurricane Katrina claims has been rejected by a federal judge, who said the cases were too different to be lumped together.
The decision by U.S. District Court Judge L.T. Senter Jr. in Gulfport, Miss., came 10 days after a key group of lawyers involved in developing the proposal withdrew their request to have it approved.
A week later it was announced that the insurer had worked out an arrangement with Mississippi Insurance Commissioner George Dale for an expedited re-examination of up to 35,000 homeowners claims in three coastal counties, with a minimum of $50 million in payments promised.
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