Allstate Settles with Scruggs Katrina Group

On Monday, Allstate Corp reached a settlement with Mississippi customers whose homes and property were damaged by 2005's Hurricane Katrina, resolving one of the largest group of outstanding claims in the two-year-old wrangle. Terms of the settlement with the Scruggs Katrina Group were not disclosed.

Published on June 26, 2007

Allstate spokesman Michael Siemienas said 99% of all of the insurer's claims from the hurricane in Mississippi are now resolved.