Who said they don\’t owe? (Other than the company when it was trying not to pay?) Their contracts clearly do include wind damage, even if there is also flood damage.
Read their anti-concurrent causation clauses, nothing there says they won\’t pay for wind if there\’s flooding, just that they won\’t pay for the flood damage.
What this country needs isn\’t \”nice\” companies, it needs companies that know how to read and write contracts.
It is the Agent\’s Responsibility to give an explanation of benefits to the prospective applicant.
The Homeowner is not in the Insurance Business. It is not easy to understand the policy because it is not cut & dry.
The policy is without doubt deceptive.
It is the Agent that should have explained, in English, What you do and do have have coverage for.
Not One Agent has ever done that.
Not One Agent has even telephoned a Katrina Client, offering an explanation of benefits or what they were entitled to or how to try to get it.
Quite the contrary, Agents followed instruction from State Farm Orders.
THE REASON why
MANDATORY FOR EVERY STATE FARM AGENT TO PURCHASE INSURANCE….
CALLED ERRORS & OMISSIONS.
THAT COMPANY NEEDS TO STEP UP TO THE PLATE AND PAY TOO.
EACH POLICY IS $5MILLION MAX.
And these people would recover how much without the lawyers\’ assistance? That was what they tried first and State Farm decided to do what they do best and denied everything. They should be paying claims they owe and not a penny more; trouble is, they twist their policy interpretations to best suit them.
Insurance policies are contracts of adhesion; ambiguities are judged in favor of the party who did not draft the agreement (homeowner). State Farm deserves to pay every penny.
As far as I understand, Louisiana does not have a class action statute, so there cannot be a class action.
LA is one of the few states that does not allow Punitive Damages to be awarded by a Judge. It is possible that a Jury could award Punitive Damages.
Come On…People Now….
Smile On Your Brother,,
Every body Get Together
try to Help one another Right Now.
The Wind blew trees over in New Orleans.
Trees that had barks 20\’ radius.
The Wind did all of the damage in New Orleans. The Flood water came after Katrina left, when the levee broke.
MS has 1,000 times damage than N.O.
Truly an understate for State Farm to say wind did not do any damage.
They are paying for their mistake.
So, we should all work together to make things right.
This is not going away anytime soon, I predict we will be hearing about Katrina claims for 10 years. As long as you have an attorney involved that will receive far more dollars than the affected claimants it will be a long drawn out case.
So if Snake Farm agreed to settle for $50 million how many multiples of that do you think it will be in the end?
It looks like once again the class action lawyers cut a deal with the prosecutor and State Farm. Why should a few attorneys collect 20 to 40% of the settlement leaving 35,000 policyholders with a fraction of what they are due. THe class should all opt out and file individually and hope for bad faith awards.
It was not a class action settlement. It was a mass settlement for 600 or so suits, and the AG\’s criminal and civil suits. In the agreement, SF will provide a process for the additional 35,000 or so insureds to reopen their claims for further consideration. There is no cap on the amount SF may end up paying, but it will be at least 50 million.
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The entire city of Waveland & Bay St.Louis
was destroyed.
All of the people Lost
All, that they owned.
Don\’t you remember the twilight zone.
Seems we are still living in it too.
Justice for all in MS, not just 600.
Who said they don\’t owe? (Other than the company when it was trying not to pay?) Their contracts clearly do include wind damage, even if there is also flood damage.
Read their anti-concurrent causation clauses, nothing there says they won\’t pay for wind if there\’s flooding, just that they won\’t pay for the flood damage.
What this country needs isn\’t \”nice\” companies, it needs companies that know how to read and write contracts.
What does the settlement include?
All Benefits Listed Below were Denied:
A Building
B Other Structures
C Contents
D Loss of Use/Living Expenses:
listed as actual loss sustained ?
How much for Punitive?
Does this prevent Law Suits against the Agent\’s E&O Insurance Carrier?
It is the Agent\’s Responsibility to give an explanation of benefits to the prospective applicant.
The Homeowner is not in the Insurance Business. It is not easy to understand the policy because it is not cut & dry.
The policy is without doubt deceptive.
It is the Agent that should have explained, in English, What you do and do have have coverage for.
Not One Agent has ever done that.
Not One Agent has even telephoned a Katrina Client, offering an explanation of benefits or what they were entitled to or how to try to get it.
Quite the contrary, Agents followed instruction from State Farm Orders.
THE REASON why
MANDATORY FOR EVERY STATE FARM AGENT TO PURCHASE INSURANCE….
CALLED ERRORS & OMISSIONS.
THAT COMPANY NEEDS TO STEP UP TO THE PLATE AND PAY TOO.
EACH POLICY IS $5MILLION MAX.
And these people would recover how much without the lawyers\’ assistance? That was what they tried first and State Farm decided to do what they do best and denied everything. They should be paying claims they owe and not a penny more; trouble is, they twist their policy interpretations to best suit them.
Insurance policies are contracts of adhesion; ambiguities are judged in favor of the party who did not draft the agreement (homeowner). State Farm deserves to pay every penny.
As far as I understand, Louisiana does not have a class action statute, so there cannot be a class action.
LA is one of the few states that does not allow Punitive Damages to be awarded by a Judge. It is possible that a Jury could award Punitive Damages.
Come On…People Now….
Smile On Your Brother,,
Every body Get Together
try to Help one another Right Now.
The Wind blew trees over in New Orleans.
Trees that had barks 20\’ radius.
The Wind did all of the damage in New Orleans. The Flood water came after Katrina left, when the levee broke.
MS has 1,000 times damage than N.O.
Truly an understate for State Farm to say wind did not do any damage.
They are paying for their mistake.
So, we should all work together to make things right.
There will be another Katrina…
Who Sang that song?
This is not going away anytime soon, I predict we will be hearing about Katrina claims for 10 years. As long as you have an attorney involved that will receive far more dollars than the affected claimants it will be a long drawn out case.
So if Snake Farm agreed to settle for $50 million how many multiples of that do you think it will be in the end?
This Money should go Directly toL
Homeownrs, not Lawyers.
This would Save-Facesta with the denied claims, damage control.
In turn State Farm would be rewarded with lots of new premiums.
Homeowners would need to increase the Insured Amounts, generating new business for State Farm.
State Farm could issued checks at a specified location, and receive a signed release from the homeowner.
End of Story, Turn the page.
This money did come from the Homeowners.
Seems everyone else has profited except for the actual Katrina Victims.
Why allow the Lawyers to end up with more money than the homless?
The People Need A Home to Live in.
It looks like once again the class action lawyers cut a deal with the prosecutor and State Farm. Why should a few attorneys collect 20 to 40% of the settlement leaving 35,000 policyholders with a fraction of what they are due. THe class should all opt out and file individually and hope for bad faith awards.
It was not a class action settlement. It was a mass settlement for 600 or so suits, and the AG\’s criminal and civil suits. In the agreement, SF will provide a process for the additional 35,000 or so insureds to reopen their claims for further consideration. There is no cap on the amount SF may end up paying, but it will be at least 50 million.