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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.

THOSE of you who read Fortune magazine may be familiar with a recurring short feature called "You Do What?" It briefly describes the duties of one who labors in a job that is essential, yet off the beaten path. In a recent issue, the feature profiled

As certain as the fact that apples are green before they turn yellow or red, there will be structures and possessions damaged this hurricane season by wave wash and storm surge.

Only those who have been dead for the past nine months are unaware that the great city of New Orleans was hit by Category 4 Hurricane Katrina.

The question, posed to RMS President and CEO Hemant Shah, was whether Katrina was a "tail event"--one with a low probability of occurrence, plotted at the far right or tail-end of curves, known as

Settle Lawsuit Or Face Tidal Wave Of Katrina Flood Claims, Hood WarnsMississippi attorney general says carriers would 'get hammered in individual suits'Mississippi Attorney General ...

NU Online News ServiceMississippi Attorney General Jim Hood said today that insurers can do the smart thing and settle the state's suit seeking to ...

With rescue operations coming to a close and recovery efforts underway all along the battered Gulf Coast, experts are still unsure as to what the insured damages from Hurricane Katrina will be.