Seen in Insurance Journal
Allstate Insurance Co. has agreed to a mass settlement of claims by a group of Mississippi policyholders who sued the insurer over damage to their homes from Hurricane Katrina, a company spokesman and a lawyer for the homeowners said.[...]
Terms of the agreement were not disclosed, and both sides refused to specify how many policyholders could participate in the settlement.
However, a lawyer from the Scruggs Katrina Group, the legal team that negotiated the settlement with Allstate, said last month that it represents about 280 Allstate policyholders who sued the company.[...]
Considering how vicious Scruggs has been towards State Farm, and considering the legal climate down in southern Mississippi these days, I think it’s entirely understandable that Allstate might be willing to pay a bit extra to resolve the cases. And, it should be welcome news to claimants who have been waiting a seemingly interminably long time to reach resolution.