Wilma Damaged a Record Number of Vehicles in South Florida
Hurricane Wilma Insurance Claims. State Farm and Progressive spokespersons indicate they received more auto damage claims from Hurricane Wilma than any of last year's hurricanes. The two firms are Florida's largest auto insurers. Wind is to blame for most of the vehicle damage after last week's storm. Falling tree … [Read more...] about Wilma Damaged a Record Number of Vehicles in South Florida
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
State Farm settles suit on Katrina
Give Thousands of Policyholders Another Shot. State Farm Mutual Automobile Insurance Co. on Tuesday agreed to settle a class-action lawsuit that will give thousands of policyholders another shot at having their Hurricane Katrina claims evaluated and that could cost the insurer as much as $500 million, according to one … [Read more...] about State Farm settles suit on Katrina
Settlement reached in Katrina lawsuit
Terms Were Not Disclosed. State Farm settled out of court with a Biloxi, Miss., couple whose lawsuit over Hurricane Katrina damage was scheduled to be tried next week in federal court, a lawyer for the homeowners said Tuesday. Terms were not disclosed. State Farm's settlement with John and Ann Untershine marks the fourth time this … [Read more...] about Settlement reached in Katrina lawsuit
Regulator: State Farm will re-examine Katrina claims
State Farm Re-examine Katrina Claims. State Farm Will Re-Examine More Than 35,000 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 office and State Farm covers … [Read more...] about Regulator: State Farm will re-examine Katrina claims
Miss. Attorney General to Sue State Farm
He Plans to Sue State Farm Fire and Casualty Co. Mississippi Attorney General Jim Hood said Tuesday he plans to sue State Farm Fire and Casualty Co. because he believes the insurer failed to honor the terms of their agreement for a mass settlement of policyholder claims over Hurricane Katrina damage. Hood, who agreed in January to … [Read more...] about Miss. Attorney General to Sue State Farm
Witness Says State Farm Didn’t Thoroughly Investigate Katrina Claims
State Farm Did Not Bother to Thoroughly Investigate Property Damage. A woman who worked for State Farm on Hurricane Katrina claims has testified that the insurer did not bother to thoroughly investigate property damage for policyholders affected by the 2005 hurricane's storm surge. According to SunHerald.com, Kerri Rigsby said at the … [Read more...] about Witness Says State Farm Didn’t Thoroughly Investigate Katrina Claims
Bad Faith Insurance Rack up Record Profits by Cheating Customers
Insurance Companies Rack up Record. Bad faith insurance companies like Allstate and State Farm systematically lowball claims, delay paying on them or arbitrarily change the terms of homeowners’ insurance policies in order to limit the amount of money they spend on claims. According to an article on Bloomberg.com, these … [Read more...] about Bad Faith Insurance Rack up Record Profits by Cheating Customers
