State Farm® re-evaluation gets money in hands of policyholders

Mississippi Commissioner of Insurance George Dale announced August 13 that State Farm Insurance Company’s agreement to voluntarily re-evaluate Hurricane Katrina slab cases is working. To date, State Farm has exceeded the $50 million committed to the program, paying more than $56.8 million additional dollars in claims payments since the re-evaluation process began. We've made over $71 million in offers to Mississippi policyholders who participated.

“Despite the criticisms, the re-evaluation process continues to work toward helping Hurricane Katrina victims move forward. As I have stated before, there is no one process that is going to work for everyone and some individuals are going to have to endure lengthy litigation. However, as these numbers show, people are being helped everyday. It pleases me greatly each time I can report that more coastal policyholders are finding closure,” said Commissioner of Insurance George Dale.