Authorities in Texas are investigating State Farm's claims-handling following 2008's Hurricane Ike, and at least one legislator is asking the state insurance department to look into the matter as well.
According to state officials, the Travis County District Attorney's Office for several months has been collecting information related to claim denials by State Farm Lloyd's—the insurer's unit in Texas—following Ike.
Allegations of claims mishandling has led to hundreds of lawsuits against the insurer, the state's largest writer of homeowners' coverage. Some lawsuits have been settled but others remain outstanding, including a multimillion dollar class-action lawsuit against State Farm that alleges fraud in adjusting primarily roof claims after the hurricane four years ago.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.
