Jury Finds State Farm Defrauded Flood Insurance Program

InsuranceAccording to a newsletter published by the Insurance Claims Journal...  Jury Finds State Farm Defrauded Flood Insurance Program.

A  federal jury found that State Farm Fire and Casualty Co. avoided covering a policyholder’s wind losses by blaming the damage on storm surge, which is covered by federal flood insurance. The  federal jury hearing this case is located in Mississippi, and came about from a lawsuit filed over a claim relating to Hurricane Katrina.  It is anticipated that State Farm will appeal.

Find out more:  INSURANCE JOURNAL

Note:  As with all court battles, many times the verdict is overturned.

 

 

UPDATE - JUST IN:  12-12-16   According to the Insurance Journal... SUPREME COURT UPHOLDS KATRINA FRAUD VERDICT AGAINST STATE FARM.                  

 http://www.insurancejournal.com/news/national/2016/12/06/434413.htm

Dick Wagner is a Disaster Restoration and Commercial Marketing Consultant.  419-202-6745   This email address is being protected from spambots. You need JavaScript enabled to view it.