State Farm Settles Another Round Of Katrina Suits

Law360, New York (January 14, 2009, 12:00 AM EST) -- State Farm Insurance Co. has settled with about 225 policyholders who filed suits alleging that they did not receive benefits to which they were entitled following Hurricane Katrina.

The settlement, finalized Monday in the U.S. District Court for the Southern District of Mississippi, also stipulates the dismissal of 38 plaintiffs' claims against State Farm under the Racketeering Influenced and Corrupt Organizations Act. These plaintiffs alleged that State Farm engaged in a scheme to deliberately avoid paying their insurance claims.

The settling plaintiffs' cases are all in...
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