Even though a homeowner’s insurance policy said floods were not covered, leaving that statement out of the application left the company liable for damages to a house destroyed by Hurricane Rita’s winds and floods, a judge in New Iberia, La., …
A State Farm Insurance Co. executive says the company is no longer offering wind coverage for new customers in Mississippi’s six southernmost counties and is reviewing whether to continue extending the coverage on renewals. Because the base hurricane deductible is …
In a decision that could cost insurers many more billions of dollars than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans has ruled that ambiguities in certain homeowners policies leave open the possibility …
A Democratic-controlled House would look into insurance industry practices criticized for shifting the financial burden of Hurricane Katrina claims onto the taxpayer, a lawmaker who headed a Katrina task force said Thursday. Rep. Gene Taylor, D-Miss., said the Democratic task …
A federal judge this week refused to block employees of State Farm Fire and Casualty Co. from being questioned under oath by lawyers in civil cases while they are targets of a criminal probe of the company’s handling of Hurricane …
A federal grand jury in Jackson, Miss., has ordered a transcript from an Oklahoma case in which State Farm Insurance Co. was hit with a $13 million judgment involving a lawsuit by policyholders from a 1999 tornado. Records filed in …
State Farm has ordered an independent investigation into one of its vendors and suspended work with Haag Engineering Co. based on an Oklahoma jury’s finding that the insurance company used Haag reports to maliciously deny policyholder claims, a newspaper reports. …
A federal judge in Gulfport, Miss., has refused to dismiss two lawsuits that accuse a Texas engineering firm and two engineers of falsifying Hurricane Katrina damage reports to benefit insurance companies. U.S. District Court Judge L.T. Senter Jr. said in …
Mississippi Insurance Commissioner George Dale has pledged that the Mississippi Insurance Department will continue to dedicate itself to getting as many Hurricane Katrina claims paid as possible. Citing a report from the industry’s Insurance Information Institute that 94.3 percent of …
U.S. Sen. Trent Lott says he’s disappointed with the slow pace that hundreds of insurance lawsuits are being handled nearly a year after Hurricane Katrina. Speaking in his hometown of Pascagoula last Thursday, Lott, R-Miss., said the tempo could be …