Blue Herald
17
Apr
Allstate Will Appeal 2.8 Million Katrina Settlement
by QuestionGirl • 10:04 am

By the by, just a reminder the Gulf Coast is still a mess…..and here we are, going into another hurricane season that forecasters are saying is sure to be an active one. Why don’t we hear more about this in congress??? Why? Why? Why? Why not bring our troops home and concentrate on rebuilding our own Gulf Coast, and working on our own infastructure?

(AP) Allstate Insurance Co. must pay a Louisiana man who lost his home to Hurricane Katrina more than $2.8 million in damages and penalties, a federal jury decided Monday in a case that hinged largely on whether it was wind or storm surge that wiped out his house.

Allstate spokeswoman Kate Hollcraft said the company will appeal.

“Allstate is shocked with the jury verdict in favor of the plaintiff. Allstate believes it acted in good faith throughout the entire claims process with the Weiss family,” she said.

The jury found Allstate - which claimed most of the damage was due to storm surge, an event not covered in its policy - did not pay Robert Weiss enough money to cover wind damage to his home. The verdict included a $1.5 million penalty for the company’s failure to pay the claim quickly enough.

More at CBSNews


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