State Farm must pay $2.5 million in punitive damages to a couple whose house was destroyed by Hurricane Katrina, a Mississippi federal jury ruled last week. The panel's finding came hours after U.S.

State Farm, after losing a Hurricane Katrina home damage case to the tune of $2.7 million, is due before the same judge in Mississippi federal court to try a case with a similar fact pattern in 10 day

The panel's finding came hours after U.S. District Court Judge L.T. Senter Jr., in Gulfport ruled that the homeowners, whose claim had been denied by the insurer, were entitled to $223,292 for their h

Jose Fuentes, a spokesperson for Speaker Marco Rubio, R-Coral Gables, said modelers' data, which insurers use in setting risks, has become a point of concern, in part because a local paper--The Ta

Saying they were provoked by insurer resistance to paying claims from the destruction of the World Trade Center, two legislators have introduced bipartisan legislation that would permit New York insur

Julian James, director of worldwide markets at Lloyd's as well as an active spokesman for the market in the United States during his nine years on the job, is leaving this spring to join Lockton Inter

A Mississippi official said the state is negotiating disputed Hurricane Katrina home damage claims with "almost all insurers in the state," concurrent with a report that State Farm is near a mass sett

Analysts expect prices to keep softening except for catastrophe-exposed