Hurricane Katrina settlement money pay back
Though Hurricane Katrina slammed into the Coast nearly 14 years ago, people in Mississippi are still feeling the financial effects.
Attorney General Jim Hood announced today that more than $5.7 million from settlements in the Homeowner Assistance Program cases were recovered after Hurricane Katrina.
The Homeowner Assistance Program was established after Katrina to give financial assistance to Mississippi homeowners whose insurance did not fully cover the damage caused by the storm.
Hood says money distributed from the state to Katrina victims should have been paid by insurance companies under customer homeowner insurance policies.
The state recovered money from four cases and there are eight additional suits pending. Those suits collectively involve more than 10,000 instances of misconduct with damages in the hundreds of millions of dollars.