State Farm Policyholders Iron Out Hail Damage Dispute

Law360, New York (April 2, 2012, 6:26 PM EDT) -- A group of State Farm Fire and Casualty Co. policyholders on Monday settled their lawsuit in Indiana federal court over the insurer's refusal to cover hail damage, after the U.S. Supreme Court refused to hear the plaintiffs' pleas to reinstate class certification.

Terms of the settlement weren't disclosed, and attorneys involved in the case did not immediately respond to requests for comment Monday.

More than a dozen named plaintiffs, purporting to represent about 7,000 policyholders, had accused State Farm of deliberately underpaying their roof repair claims...
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