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Mississippi Blues

If State Farm indeed is on the verge of settling a ton of water-related Hurricane Katrina claims with Mississippi government officials (click here for the ...

By Staff Writer | Updated on January 10, 2007

gdale4.bmpIf State Farm indeed is on the verge of settling a ton of water-related Hurricane Katrina claims with Mississippi government officials (click here for the story), I would expect others to fall in line fairly quickly rather than face a hostile state jury over the coverage dispute. Yet despite all the controversy, Mississippi Insurance Commissioner George Dale–stuck between a rock and a hard place in his storm-ravaged state–was anything but hostile towards insurers at an industry meeting yesterday in New York.

Indeed, Mr. Dale was, for my money, the star of the show at the industry’s annual family reunion–the P-C Joint Industry Forum–where representatives from all the major carriers and associations gather to talk about the challenges ahead. No issue loomed larger yesterday than the Mississippi suit by state Attorney General Jim Hood over insurer contentions that Hurricane Katrina-related water damage in the state was caused by uncovered flood issues, rather than wind-driven conditions.

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