Request Legal Help Now - Free

LAWSUITS NEWS & LEGAL INFORMATION

Hurricane Claims

Natchez, MS: (Feb-07-08) Mississippi Attorney General Jim Hood brought charges against State Farm Fire and Casualty Co., the nation's largest insurance company, following a criminal investigation of the insurer's Hurricane Katrina claims handling practices. State Farm had accused Hood of using the threat of prosecution to compel settlements of civil cases. Hood denied that claim and said his office kept the criminal and civil cases separate.

The two sides had reached a settlement, and the dispute had reached a conclusion. Records show that State Farm Fire and Casualty Co. agreed to withdraw a lawsuit that accused Hood of violating a January 2007 agreement to end his probe of allegations that the company fraudulently denied claims after the Aug. 29, 2005, hurricane. The settlement was approved by US District Judge David Bramlette, who refused to disclose its terms publicly. He claimed that the settlement effectively ended Hood's new criminal investigation of State Farm with a different focus than the earlier probe. Hood stated that as part of the deal, his office will get to keep $5 million paid by State Farm to cover the costs of the criminal investigation. That money was paid as part of the January 2007 agreement. [BUSINESS WEEK: HURRICANE CLAIMS]


Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.
Published on Feb-9-08


ADD YOUR COMMENT ON THIS ISSUE

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free