State Farm has reached a settlement on a Mississippi HurricaneKatrina claim which was the centerpiece of litigation over how thecompany made its determination of wind versus flood damage.
The suit charging bad faith against the Bloomington, Ill.-basedinsurer was dropped by the Biloxi, Miss., couple recently. StateFarm told NU Online News Service that the dropped charges made up"the centerpiece of allegations of State Farm wrongdoing promotedby" attorney Richard "Dickie" Scruggs (See "Allegations of StateFarm Katrina Misconduct Withdrawn," NU Online News Service, Sept.11). He is now serving a prison sentence on bribery charges.
State Farm said the settlement reached over insured damages tothe home of Thomas and Pamela McIntosh was for $250,000, "which isless than 25 percent of the amount the McIntoshes alleged asdamages in their breach of contract suit."
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