The Mississippi Supreme Court won’t dismiss a state lawsuit against an insurance company over Hurricane Katrina claims.
The Sun Herald reports that Attorney General Jim Hood’s lawsuit against insurance giant State Farm Fire and Casualty Co. can go forward. The lawsuit was filed nearly 10 years after Katrina left a wide swath of destruction.
Hood’s lawsuit says State Farm owes Mississippi millions of dollars. It contends the company delayed payments so that the state’s federally funded Homeowners Assistance Program would cover the losses.
The suit says Mississippi paid 6,810 policyholders five times more than State Farm did for Katrina damage.
The lawsuit claims Mississippi paid $522 million to State Farm policyholders for Katrina damage, while State Farm paid $98.7 million.
The company sought to have the lawsuit dismissed.
Topics Lawsuits Mississippi State Farm
Was this article valuable?
Here are more articles you may enjoy.
EU Cyber Agency Warns Websites May Go Dark as PHP Prepares Critical Fix 
AM Best: Social Inflation Drives Surge in Commercial Auto Liability Claims 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
Report: Auto Insurance Total Loss Frequency Climbs, More Drivers Pay Repairs 
