State Farm Fire and Casualty Co. has settled one other Katrina lawsuit in Mississippi that deserves special mention. Norman and Genevieve Broussard, the Mississippi couple whose Biloxi home was destroyed by Hurricane Katrina, have reached a confidential settlement of their claim. You may recall that a jury awarded $2.5 million in punitive damages to the Broussards in 2007. U.S. District Judge L.T. Senter Jr. later reduced that amount to $1 million. However, the U.S. Court of Appeals for the Fifth Circuit ordered a new trial, saying Judge Senter shouldn’t have allowed jurors to consider punitive damages. This settlement resolves the matter and hopefully it was a good settlement for these plaintiffs.
Source: Insurance Journal
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