Jury: Punitive damages in Katrina case
Denying Their Claim. A jury on Thursday awarded $2.5 million in punitive damages to a couple who sued State Farm Fire & Casualty Co. for denying their claim after Hurricane Katrina, a decision that could benefit hundreds of other homeowners challenging insurers for refusing to cover billion of dollars in storm damage. A … [Read more...] about Jury: Punitive damages in Katrina case
State Farm May Reopen Claims
Policyholders Could Reopen Their Claims. Thousands of State Farm Fire & Casualty Co. policyholders on the Mississippi Coast could reopen their claims under a tentative settlement the company is working out with Attorney General Jim Hood and a private attorney, who also is close to settlement on about 640 lawsuits his group filed … [Read more...] about State Farm May Reopen Claims
