State Farm began sending out information last week to 35,000 Mississippi policyholders who filed foundation-only claims — also referred to as “slab” claims — that stemmed from Hurricane Katrina. Those who return the form will have the opportunity to get their claims reexamined by the company.

The announcement comes on the heels of an agreement State Farm reached last month with the Mississippi Department of Insurance Commissioner George Dale. The agreement called for a reevaluation of claims for wind damage by policyholders with properties in the Mississippi counties of Harrison, Hancock, and Jackson. According to State Farm, the reevaluation process does not include policies with wind exclusion, property covered by a flood policy only, those who filed suit against State Farm and already reached a settlement, and those who already reached a settlement through the Mississippi Insurance Department Mediation Program (except those with foundation-only claims).

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.