Mississippi rebuilding expected to jump following agreement on Hurricane Katrina insurance claims - International Herald Tribune:
"In a move that is expected to jump- start rebuilding along the Mississippi Gulf Coast, State Farm Insurance says it has reached an agreement with state officials to pay hundreds of millions of dollars to owners of homes along the coast that were wrecked by Hurricane Katrina.
The agreement settles lawsuits filed by 640 homeowners and allows thousands of others to reopen damage claims that State Farm previously closed. Insurance executives said they expected the outlines of the deal to be adopted by other carriers.
The agreement, announced Tuesday, does not apply to New Orleans, where the failure of the levees left much of the city underwater for days. Lawyers and insurers say no similar settlement talks are in progress there"