Lawsuit against State Farm moves forward

The Mississippi Supreme Court will not dismiss a state lawsuit against State Farm over Hurricane Katrina claims. That means Attorney General Jim Hood’s lawsuit against the insurance giant can move forward.
The lawsuit says State Farm owes Mississippi millions of dollars. It argues the company delayed payments so that the state’s federally funded homeowners assistance program would cover the losses.
The lawsuit, filed nearly 10 years after the storm, claims Mississippi paid $522 million to State Farm policy holders for Katrina damage while State Farm paid $98.7 million.
The company sought to have the lawsuit dismissed.

Categories: Mississippi State News, News

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