State Farm Liable for $2.7M in Katrina Case

A federal jury in Gulfport, Mississippi has found State Farm Fire & Casualty liable for $2.5 million in punitive damages, in one of thousands of cases filed against insurance companies for their handling of claims filed over damages caused by Hurricane Katrina. Earlier today, the judge in the case ruled that State Farm was liable for more than $200,000 in damages to the plaintiffs' home in Biloxi, Mississippi, leaving the total damage award for the jury to decide. Read more about the decision:

• Jury Hits State Farm for $2.5 Million in Katrina Case (CNN)
• State Farm Critics Not Surprised By Today's Ruling (Biloxi Sun Herald)