Katrina money blows into three

State Farm today settled homeowner claims relating to Hurricane Katrina, according to this report.  The biggest home insurer in the U.S. will pay $130 million right away and may fork over several hundred million more depending on how many of about 35,000 eligible policyholders participate.

Go here for information on a $2.5 million punitive damages verdict that, Blawgletter guesses, helped push the settlement to conclusion.

The GEICO Gecko still had no comment.


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