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Magnolia Tribune

This article was produced by Magnolia Tribune staff.
News  |  Magnolia Tribune  • 
April 18, 2007

Insurance: Allstate verdict a telling one

The Clarion-Ledger Editorial, 4/18/7 A federal jury’s $2.8 million judgment against Allstate Insurance Co. this week should be a wake-up call to the industry. Congress is reviewing dozens of complaints that insurance companies pressured engineers to attribute destruction to flooding, which 4th District U.S. Rep. Gene Taylor has called “a fraud against the U.S. taxpayers.”