A federal judge on Wednesday dismissed an antitrust lawsuit Louisiana's former attorney general filed against some of the nation's largest insurance companies after Hurricanes Katrina and Rita. The suit accused Allstate Insurance Co., State Farm Fire and Casualty Co. and other insurers of conspiring to shortchange policyholders after the hurricanes struck the Gulf Coast in 2005. U.S. District Judge Jay Zainey said the suit failed to present evidence of a conspiracy among the competing companies.
Judge Dismisses Hurricane Insurance Lawsuit
The Associated Press
December 18, 2008