State Farm Reaches Settlement on Katrina Claims

State Farm Insurance has reached an agreement with officials from the State of Mississippi under which the insurer will pay the claims of more than 600 Mississippi homeowners who suffered serious property damage after Hurricane Katrina struck the Gulf Coast in August 2005. As part of the agreement, State Farm will also reconsider the closed claims of thousands of other Mississippi homeowners.

• From the Mississippi Sun Herald: State Farm Settles
• From the Mississippi Clarion-Ledger: Settlement Raises Hopes of Officials
• Read a State Farm Press Release on the settlement agreement.