Monday, August 14, 2006

State Farm and Allstate Agree to Extend Prescription Deadline

The Louisiana State Insurance Department reports that State Farm and Allstate agreed last week to comply with extending the one-year deadline to allow their policyholders more time to file lawsuits over hurricane-related storm damage. State Farm agreed only if a new state law requiring the extension is found constitutional. If the courts do not uphold the law, State Farm will give policyholders 30 days from the date of the court ruling to file suit. Under the deadline extension, policyholders would have until Aug. 30, 2007, to sue for Hurricane Katrina damages and until Sept. 25, 2007, to sue for Hurricane Rita damages. Ted Griggs, The Advocate 08/12/2006 Read Article: The Advocate

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