Both Sides Play Hardball in Katrina Insurance Fight

People along the Mississippi coast whose homes were destroyed by Hurricane Katrina have been fighting with State Farm Insurance over how much they should get reimbursed to cover the cost of rebuilding. This is because State Farm covers damage caused by wind, but not water. The insurer says most of the destruction to homes in Mississippi was caused by water.

New York Times business columnist Joe Nocera talks with Lynn Neary about a class action lawsuit brought by homeowners against State Farm.

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