Jackson, Miss.
State Farm Fire & Casualty plans to reexamine 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, of Bloomington, Ill., covers homeowners, renters and commercial claims in Mississippi's three coastal counties. The agreement with the insurer includes claims that are in mediation, those that are the subject of pending lawsuits and those that have been settled.
"If they feel like that they were mistreated and not handled properly, they too can have their case reopened and looked at by additional adjusters," Dale said of people who have settled.
He said that, based on his agency's examination of State Farm's handling of Katrina claims and the recent withdrawal of a proposed class-action settlement involving the insurer, he had persuaded the company to agree to the "accelerated process to reopen and readjust all Hurricane Katrina claims upon request in the Mississippi coastal counties."
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