America’s highest court agreed to hear an appeal by State Farm contesting a previous ruling that the insurer defrauded the federal government when assessing damage caused by Hurricane Katrina in 2005. Previously, witnesses had testified that State Farm pressured engineers to rule that damage to homes along the Mississippi Coast following Katrina was caused by flood waters – not wind. The court held that State Farm defrauded the US government of $250,000 over that house, and would have to pay $758,000 in damages.
Full article here. Source: Insurance Business America
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