A lawyer says State Farm Fire and Casualty Co. has settled a civil lawsuit with a Mississippi couple whose Biloxi home was destroyed by Hurricane Katrina.
Jack Denton, attorney for Norman and Genevieve Broussard, said the confidential settlement was reached April 25.
A jury awarded $2.5 million in punitive damages to the Broussards in 2007.
U.S. District Judge L.T. Senter Jr. later reduced that amount to $1 million. Then the 5th U.S. Circuit Court of Appeals ordered a new trial, saying Senter shouldn’t have allowed jurors to consider punitive damages.
State Farm spokesman Jonathan Freed said the company is pleased with the settlement.
Was this article valuable?
Here are more articles you may enjoy.
FEMA to Offer $1 Billion Through Embattled Disaster Mitigation Fund 
Car Insurer First Central Is Said to Tap Banks for London IPO 
Weeks-Long Australian LNG Outage Will Further Tighten Supply 
Perplexity AI Machine Accused of Sharing Data With Meta, Google 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.