Pearl River Community College in Hattiesburg, Mississippi, is moving forward on rebuilding facilities damaged by Hurricane Katrina after four years of “moving in quicksand.”
Officials settled with Zurich Insurance Co. in August over extensive storm damage incurred on its Poplarville campus and received payment six weeks ago.
For four years, the two sides had haggled over how much the school was owed. Zurich originally offered $15 million to PRCC, a figure far short of the school’s $40 million to $50 million in estimated damages.
President William Lewis said he was pleased with the settlement amount, which he could not disclose because of a confidentiality agreement.
The college will rebuild four key structures: M.R. White Coliseum, Moody Hall Auditorium, Lamar Hall and Marion Hall.
Topics Education Mississippi Universities
Was this article valuable?
Here are more articles you may enjoy.
Insurance Industry ‘Megadeals’ Dominate 2025, Says PwC 
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
Fifth La Niña in Six Years to Disrupt Crops and Supply Chains 
