State Farm policyholders will receive more money if the company is ordered to use guidelines approved by a federal judge to settle tens of thousands of Hurricane Katrina claims, Attorney General Jim Hood said Monday.
State Farm officials agreed in January to create a process to re-evaluate claims and submit the process to a federal judge for approval, according to a settlement agreement.
But the company has failed to honor the agreement despite his repeated requests, Hood said Monday in announcing a lawsuit he had filed against State Farm alleging breach of contract.
About the Author(s)
Magnolia Tribune
This article was produced by Magnolia Tribune staff.
More Like This
More From This Author
Previous Story
Next Story
News
|
Josh Boak, Associated Press
, Chris Megerian, Associated Press
, Jill Lawless, Associated Press
•
May 8, 2025
Trump agrees to cut tariffs on UK autos, steel and aluminum in a planned trade deal with Britain
Thursday's announcement provides a degree of validation for Trump’s claims his approach on trade may be able to rebalance the global economy on his preferred terms.
