BILOXI, Miss. -- Amid reports that insurance companies may be taking advantage of Hurricane Katrina victims, Mississippi Attorney General Jim Hood filed a lawsuit Thursday against five insurers in his state, his press office said.
Mississippi Farm Bureau Insurance, State Farm Fire and Casualty Co., Allstate Property and Casualty Co., United Services Automobile Association and Nationwide Mutual Insurance Co. were listed as defendants in the suit.
The suit asks that certain provisions in policies offered by these companies be declared "void and unenforceable." Those provisions exclude from coverage much of the property loss and damage caused by Hurricane Katrina.
The suit also seeks to prohibit the insurers from using these provisions when adjusting property claims. "The companies will try to work with the policyholders to resolve this issue," Bill Davis of the Insurance Information Institute, a trade group, told CNN. "There may have to be engineering studies done to determine what caused the damage."
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Posted by: Assaf Abdelghani | October 05, 2005 at 01:17 PM
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Posted by: Debra Riley | October 17, 2005 at 08:34 PM