State Farm settles with Katrina victims

0 Comments | Deseret News (Salt Lake City), Sep 18, 2007

NEW ORLEANS (AP) -- State Farm Insurance Cos. has settled with 103 policyholders in Mississippi who challenged the company's refusal to cover damage to their homes from Hurricane Katrina, a lawyer for the homeowners said Monday.

Terms of the settlement are confidential, said attorney Chip Merlin, whose law firm represents all 103 policyholders who are part of the agreement.

The deal proves that "small individuals can stand up to large insurance companies and still have a resolution that's acceptable to them," Merlin said.