Nationwide Mutual Insurance Co. will readjust claims for about 500 Mississippi policyholders whose homes were reduced to foundations by Hurricane Katrina, state Insurance Commissioner George Dale said. The so-called “slab cases” on the Gulf Coast have been the most contentious …
A question that could shunt hundreds of Hurricane Katrina claims against hospitals away from court, putting them before a state malpractice panel, is up before the Louisiana Supreme Court. The justices heard arguments April 12 in a lawsuit brought by …
E-mails sent by officials of an engineering firm that assessed Hurricane Katrina claims suggest that State Farm Insurance Co. wanted engineers to blame damage on flooding so that it could make minimum settlements with policyholders. The e-mails, obtained by The …
Thirty-eight more Hurricane Katrina insurance cases of Mississippi residents have been settled during court-order mediation, says U.S. District Judge L.T. Senter Jr. More mediations will begin in May, according to Senter’s office. Some cases also might be sent to a …
The headline numbers were eye-popping: Allstate reported a record $5 billion profit for 2006. State Farm Insurance’s profit climbed 65 percent for the year. St. Paul Travelers’ earnings rose sixfold in the fourth quarter, American International Group’s rose eightfold. A …
State Farm Fire & Casualty Co. will re-examine more than 35,000 Mississippi policyholder claims filed after Hurricane Katrina and “make millions of dollars available” for additional payments, Mississippi Insurance Commissioner George Dale said Monday. Dale said the agreement between his …
Mississippi Insurance Commissioner George Dale said he has convinced State Farm to reopen and readjust all Hurricane Katrina claims in the Mississippi coastal counties upon request of policyholders. He said State Farm has agreed and informed him that it intends …
Eighteen months after the hurricanes, “crisis” is the term everyone uses to describe Louisiana’s insurance problems. The governor spends much of her time begging insurance companies to continue doing business in Louisiana, hoping that more competition will bring rates down. …
Miss. Commissioner of Insurance George Dale announced that he has reached an agreement with State Farm Insurance Co. requiring the company to reopen all “slab” cases. The company will identify and review all such claims, identify the amount paid and/or …
A federal judge weighing competing plans to resolve thousands of disputed claims against State Farm Fire and Casualty Co. after Hurricane Katrina heard emotional testimony Wednesday in Gulfport from Mississippi policyholders who believe they have been shortchanged by the insurer. …