Friday, August 08, 2008

State Farm Settles with Mississippi Attorney General

State Farm Insurance Cos. agrees to pay $74 million to settle a complaint filed by the Mississippi attorney general over its handling of homeowner policies in the wake of Hurricane Katrina.

State Farm had previously refused to comply with a January agreement requiring the insurer to reevaluate homeowner claims. The original deal could have required Allstate to pay as much as $400 million in additional claims. Staff and Wire Reports, The Jackson Clarion-Ledger 08/07/2008 Read Article:
The Jackson Clarion-Ledger

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