With insured losses at a record $40 billion and counting, Hurricane Katrina's impact continues to reverberate 18 months after the monster storm hammered the Gulf Coast. State Farm and Mississippi

Even though a federal judge rejected a proposed State Farm class-action settlement for Mississippi homeowners with storm-surge damage from Hurricane Katrina, attorneys on all sides of the dispute

A federal judge who ruled that a jury could impose punitive damages on State Farm for its mishandling of a Hurricane Katrina claim, has decided that the $2.5 million award should be reduced to $1 mill

He said that in his opinion, the damages the panel assessed were almost 12-times the amount of compensatory damages, and a more appropriate assessment was a sum between four- and five-times the

U.S. District Court Judge L.T. Senter Jr. said in a Friday ruling that besides failing to justify attorneys' fees for the class-action settlement, the proposal lacked information on a multitude of

Insurance can sometimes be a wild and wooly business where the risks range from longhorn cattle on the loose to exploding baseballs, National Underwriter's probe of the far side of insurance underwrit

Mississippi Attorney General Jim Hood said today he is urging Allstate and other insurers to "do the right thing" and follow the lead of State Farm in settling disputes with policyholders over Hurrica

The Council of Insurance Agents & Brokers insurers, which did the poll, found insurers willing to lower prices and place fewer restrictions on coverage to get new business with the only high rates in