Breadcrumbs
Home / MS: Dickie Scruggs Battle Plan Went WrongMS: Dickie Scruggs Battle Plan Went Wrong
Last Updated on Thursday, 10 April 2008 10:29 Written by rslcpol Thursday, 10 April 2008 10:28
For State Farm Insurance – the nation’s leading auto and home insurer – coping with once-in-a-lifetime disasters is everyday business. Risk analysis is what it does, and its actuarial staffs are prepared for every eventuality.
Almost. When Hurricane Katrina struck the Gulf Coast in 2005, it infamously brought a storm surge the likes of which the nation had never seen, causing more flood damage in one event than all the storms combined for as far back as there was data (37 years). Even that risk State Farm had anticipated. What it hadn’t foreseen was that the storm surge would gut the home of a plaintiffs lawyer named Richard F. “Dickie” Scruggs, as well as those of his family, friends, and neighbors in Pascagoula, Miss.