Mississippi Insurance Commissioner George Dale said he has convinced State Farm to reopen and readjust all Hurricane Katrina claims in the Mississippi coastal counties upon request of policyholders.
He said State Farm has agreed and informed him that it intends to make unspecificed millions of dollars available for additional payments to policyholders in Hancock, Harrison, and Jackson counties.
Dale said this agreement is based upon preliminary findings of his department’s examination of State Farm’s handling of Hurricane Katrina claims, and the recent withdrawal of a proposed class action settlement.
Source: Mississippi Insurance Department
Was this article valuable?
Here are more articles you may enjoy.
Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth
US Doubles Hormuz Guarantees to $40 Billion With New Partners
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies
Hail A Growing Loss Driver on Rising Tide of Severe Convective Storm Risk, Allianz Says