Judge Denies Class Cert. In Katrina Reinsurance Case

Law360, New York (July 31, 2008, 12:00 AM EDT) -- A federal judge has refused to certify a class of Mississippi state-mandated insurance program members in a suit against Allstate Insurance Co. and other major insurance providers that alleges the companies cost class members $525 million in damages after Hurricane Katrina when they failed to properly reinsure clients.

Allstate, Nationwide Insurance Cos., State Farm Fire and Casualty Co. and several other insurance carriers were named in the suit.

U.S. District Judge Keith Starrett ruled on July 26 that the lawsuit, filed one year after Hurricane Katrina...
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