Allstate agrees to settlement of storm claims

The Clarion-Ledger, 6/26/7

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.