State Farm Denies Coverage for Tornado Damage
"Reckless and malicious" is how a jury described State Farm's conduct in refusing to compensate a policy holder for damage done to his home in 1999. A tornado in Oklahoma City seven years ago destroyed many homes in the area. Recognizing the possibility of serious financial losses, State Farm actively hired engineers to both underestimate the value of the homes damaged, and to conclude that the damage was not caused by the tornado in order to deny the claim.
Looks like State Farm is employing similar tactics against those who lost their homes during Katrina.