Insurance firm found guilty of Katrina-related fraud
Published: April 9,2013
GULFPORT — A federal jury has found State Farm Fire and Casualty Co. committed fraud against the federal government and submitted a false record to support fraud after Hurricane Katrina.
The Sun Herald reports the verdict came after the eight-member jury deliberated for three hours Monday in a whistleblower lawsuit. The decision potentially opens for examination thousands of post-Katrina flood claims State Farm adjusted and paid before reimbursement by the National Flood Insurance Program.
Before opening their case to other claims, former insurance adjusters Kerri and Cori Rigsby first had to prove State Farm committed fraud involving one property.
The newspaper reports State Farm is expected to file a motion asking the federal judge in the case to overturn the verdict or grant a new trial.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Alcorn president launches new customer service task force
- Cochran continues to reach out to African American voters
- ‘Little Boogaloo’ Eden Brent happy singing the blues
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Senators write letter over Waters of the United States proposal
- Hole-by-hole look at Sanderson Farms Championship course at CCJ