Allstate Agrees to Mass Settlement of Mississippi Katrina Claims

June 28, 2007

  • June 28, 2007 at 11:04 am
    David says:
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    Imagine we coming back on line for the first time in a while thinking some people will change and take the blinders off. But no, AdjusterJoe still wants to bash State Farm. I have debated with him time and time again about their being two sides to every story. He only knows half of what is going on and yet he still believes he has the crystal ball to it all. No matter what anyone says, State Farm is the evil empire. They have done things by the book (contract) even though the judicial system has told the industry something else. He obviously fails to understand the concept of the appeals process. You have one bite at the apple so you better choose wisely.
    Imagine what his story would be if one of these was turned over on appeal. That would be the big bad empire taking advantage of the citizens of Mississippi by virtue of the contract not wanting to cover anything. Great position to take Joe. You kinda feel safe on your side of the fence. I see your side and there’s not many of you. Most of you are holding and axe……have a nice day.

  • June 28, 2007 at 11:09 am
    David says:
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    Joe, there’s another article on todays site about Nationwide paying an additional $25M on claim re-evaluation. Don’t you think you might want to go over there and bash SF as well. Hell, SF only offered their insured’s $50M. I guess you might say SF is cheap.

  • June 28, 2007 at 11:40 am
    adjusterjoe says:
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    that State Farm has no desire to act with integrity. Allstate and Nationwide agree to settle their “slab” cases and State Farm gets sued as rackateers. Same law firm, same storm, Allstate and Nationwide make an effort, State Farm continues to stonewall.

  • June 28, 2007 at 12:06 pm
    Rick says:
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    Maybe you should give State Farm credit for fighting for what they believe is right. I for one am sick and tired of companies giving in to the Trial Bar. If we ever have war with China we can paratroop some trial lawyers in there to destroy China’s economy.

    PS: I compete against State Farm

  • June 29, 2007 at 12:08 pm
    adjusterjoe says:
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    Poor poor David. Sorry you cannot see the truth. No, State Farm has offered only $17.8 Mil and that is thru a shell game. They have yet to win in court yet you say that is the court’s fault. A whiney loser aren’t you? I am fully aware of both sides but I have more integrity than to upport a company who treats their insureds the way State Farm does. I know the situation very well as I have unfortunately worked for State Farm cat ( before I knew better) and know many of the players in this game personally.

  • June 28, 2007 at 1:51 am
    Superjuster says:
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    After 38 yrs. as a property adjsuter I am glad I am now retired. There is nothing more frustrating than to follow the policy, handle the claim fairly, and then have the “company” cave in to the screwed up legal system. A contract is a contract, is a contract, etc.

  • June 28, 2007 at 2:10 am
    Wes says:
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    The only party who is really going to win in this deal is attorney Scruggs. I’d love to know what his fee will be, compared to the recovery by his clients…

  • June 28, 2007 at 2:15 am
    adjusterjoe says:
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    Rick & Superjuster: They are not caving into the trail lawyers. THE COURTS HAVE RULED AGAINST THEM. State Fram is not standing up for what they believe. They are standing against our system of jurisprudence. I do not comment on whether I agree with or do not agree with the court, but I learned long ago that when the court rules, you then have lost and it is time to cut your losses and move ahead. This scenario is just one more in a long line of where State Farm plays by their own rules and disregards everyone else. I give one small example of State Fram playing by their own rules. EVERY WYO COMPANY there is uses standard NFIP forms except (yep, you guessed it) State Farm.

  • June 28, 2007 at 2:59 am
    Bill says:
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    joe, you’ve proven over and over that you have such an axe to grind with State Farm that nothing you say has any merit whatsoever. In case you forgot who the first company to offer to settle, it was State Farm. It could be argued that the others are following their lead.
    Go ahead: call me a State Farm apologist. I’ll beat you to it and call you a Scruggs apologist.

  • June 28, 2007 at 3:21 am
    Anonymous says:
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    AJ, you are not quite on point with this post. The companies have not lost in court on the claims they are currently settling. They are settling to avoid an adverse ruling based on prior cases that were litigated. Just because the carrier lost in a prior case, does not mean they would lose in any of the cases that are being settled now. It means the carriers are advoiding the risk and expense of taking more cases to trial. It is not an admission they did anything wrong in the current cases they are settling! Further, I have seen prior posts from you ranting against all carriers for not paying claims “Just like State Farm”. Your first post in this string indicates you have made a complete about face against anyone but State Farm. Get a grip; get a life and get over your hatred of State Farm. NO, I do not work for State Farm either.



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