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Hurricane Katrina State Farm Lawsuits: Is Homeowners’ Insurance Litigation a Good Candidate for Lawsuit Finance Services?

I read today, with interest, an article entitled “State Farm Settles Katrina Case in Mississippi“. As most, if not all, of you know, Katrina was the powerful hurricane that slammed into the Gulf Coast on August 28, 2005, almost 3 years ago, devastating the cities of New Orleans, LA and Biloxi, MS and others smaller Gulf Coast cities and towns. It destroyed numerous homes and left thousands homeless. Many of these victims were insured with State Farm Insurance, whose claims handling policies have been rightly singled out for significant criticism.

The article tells the story of Norman and Genevieve Broussard, whose home was destroyed by Katrina. The couple had to hire attorney Jack Benton, sue State Farm, negotiate without conclusion, go to trial, win at trial, wait out the inevitable State Farm appeals to higher courts, and, finally, settle for a “confidential” amount, almost 3 years later, before a second trial was to take place. Keep in mind that this is not an adversarial proceeding; State Farm was the Broussard’s own homeowners insurance company. You know, “Like a Good Neighbor, State Farm is There”, and all that. “Where?” you might ask. Sadly, this is how State Farm and other carriers of its kind handle their insureds claims. Homeless victims, who have lost everything dear to them are forced to litigate their claims in a legal system that insurance companies know will take years before they are forced to compensate now-desperate victims, while the insurance companies fatten their bank accounts.

The lawsuit finance industry provided non-recourse lawsuit cash advances to countless Katrina victims, while they awaited settlements of their homeowners insurance claims lawsuits to resolve or settle in their favor. Lawsuit financial assistance was provided for temporary shelter, groceries, clothing and other necessities of life while the lawsuits were being delayed by the despicable insurance companies. There were no credit checks or credit hits; lawsuit financing was available to reduce the financial stress of the victims and prevent them from settling early and cheap. No payments were required; the litigation finance companies only got paid if the cases were resolved in the homeowners’ favor. Lawsuit Financial Corporation provides this service, not only in catastrophic homeowners claims lawsuits against insurance companies, but in Auto Accident lawsuits, Premises Liability lawsuits, Medical Malpractice lawsuits, Wrongful Death lawsuits, Construction or Workplace Accident lawsuits and many more types of litigation. For a free analysis of your lawsuit finance situation, call us, toll free, at 1-877-377-SUIT (7848) or visit us on the web at www.lawsuitfinancial.com