Suit Against Windstorm Coverage Association Board Members Dismissed

JACKSON, Miss. - A Mississippi federal judge has dismissed a suit accusing former board members of a windstorm coverage association of failing to obtain adequate reinsurance for the 2004 and 2005 hurricane seasons. Association Casualty Insurance Co. v. Allstate Insurance Co., No. 09-24 (S.D. Miss.).

On March 18, Judge Keith Starrett of the U.S. District Court for the Southern District of Mississippi granted a motion for a directed verdict filed by Allstate Insurance Co., Mississippi Farm Bureau Insurance, Nationwide Insurance Co., State Farm Insurance Co., and The St. Paul Travelers Companies.

The companies were accused of breaching their fiduciary …