Allstate Settles Many Hurricane Katrina CatClaims

     Allstate Corporation is a defendant in many Hurricane Katrina Insurance Coverage cases pending in Louisiana and Mississippi courts.  In one such case, a jury in Federal Court in Louisiana awarded covered damages, mental anguish damages, and penalties.  The plaintiff-policyholder is Mr. Robert Weiss, and he was awarded $561,600.00 for covered Property Damage, and Allstate was assessed damages for Mr. Weiss's mental anguish plus penalties in the additional amount of $2,250,000.00 according to an excellent news report by Erik Holm, "Allstate to End Appeal of $2.81 Million Katrina Verdict, Settle", published Friday, June 22, 2007 at Bloomberg.com.

     The Federal Jury's verdicts were apparently reduced to Judgment and the Judgment was appealed by Allstate, which reached an otherwise undisclosed settlement of the appeal from Louisiana Federal Court.  See the June 22, 2007 article, above.

     That caused dominoes to fall and logs to unjam, apparently.    Allstate has now entered into a reported global settlement of Hurricane Katrina Catastrophe Claims that were filed in Mississippi Federal Court.   The terms are similarly undisclosed.  See for example Natalie Chandler, "Allstate, Policyholders Settle Katrina Claims" (Clarion Ledger, Jackson, Mississippi, Monday, June 25, 2007).

    Previous global settlement efforts in Mississippi involving State Farm, and a resulting lawsuit against State Farm for allegedly backing out of the particular global settlement deal, are posted here for example on June 11, 2007 and on March 20, 2007.

     More is to come, undoubtedly.

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