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State Farm, Mississippi DOI: Slab Claims Will Be Reopened

Claims News Service, Mar. 8, 10:19 a.m. EST -- Commissioner of Insurance George Dale has reached an agreement with State Farm Insurance Company that will require the company to reopen all "slab" cases

By Staff Writer | Updated on March 08, 2007

Claims News Service, Mar. 8, 10:19 a.m. EST — Commissioner of Insurance George Dale has reached an agreement with State Farm Insurance Company that will require the company to reopen all “slab” cases from Hurricane Katrina. According to a release from the Mississippi Department of Insurance (MID), State Farm will identify and review all such claims, identify the amount paid and/or offered to date, and the additional action State Farm is willing to take for each “slab” claim and report in writing back to his office within 30 days.

A slab claim results when nothing is left of an insured’s residence except the foundation upon which it was built. The dispute in Mississippi is that hurricane-force winds, a covered peril, caused damage to homes prior to flood damage from Katrina’s storm surge, an uncovered peril in a standard homeowner’s policy. State Farm is accused of failing to properly apportion the loss, and in many instances paid homeowners’ no money on their claim because they attributed the loss to flood.

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