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.
Copyright 2025 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Tesla Drivers Are Buying Escape Tools and Cars to Avoid Getting Trapped Inside
LA Fires Push Insurers’ 2025 Disaster Losses to $107 Billion
Apollo Expands Asset-Level Risk Reviews to Reflect Impact of Extreme Weather
J&J Talc Jury Awards $1.56 Billion to Asbestos Cancer Victim