Allstate Insurance Co. has agreed to a mass settlement of claims by a group of Mississippi policyholders who sued the insurer over damage to their homes from Hurricane Katrina, a company spokesman and a lawyer for the homeowners said Monday.
Terms of the agreement were not disclosed, and neither side would specify how many policyholders could participate in the settlement.
However, a lawyer from the Scruggs Katrina Group, the legal team that negotiated the settlement with Allstate, said last month that it represents about 280 Allstate policyholders who sued the company.
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