The Sun Herald | 01/23/2007 | State Farm reaches $500 million settlement: "An historic agreement with State Farm Fire & Casualty Co. means up to $500 million in payments to policyholders previously dissatisfied with their Hurricane Katrina insurance settlements.
Attorney General Jim Hood said Wednesday afternoon that State Farm will pay 50 percent of policy limits to certain homeowners left with only slabs. State Farm previously had denied those claims, maintaining water led to the destruction and the company was unable to find any separate wind damage covered under its policies."
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