Jackson, Miss.
State Farm Fire & Casualty has agreed to re-examine more than 35,000 policyholder claims filed following Hurricane Katrina and to "make millions of dollars available" for additional payments, Mississippi Insurance Commissioner George Dale said Monday.Dale said the agreement would cover homeowners, renters and commercial claims in Mississippi's Harrison, Hancock and Jackson counties, including those that are in mediation and those that are the subject of pending litigation.
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 convinced the company to agree to the "accelerated process to reopen and readjust all Hurricane Katrina claims upon request in the Mississippi coastal counties."
On March 12, a team of lawyers who helped negotiate the proposed settlement withdrew their request for approval by U.S. District Judge L.T. Senter Jr.
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