What is the history between Prime Insurance Company and the State of Mississippi?The lawsuit between the homeowners’ insurance company and the state dates back to 2018. At this time, hurricane Katrina had just passed over the U.S., damaging millions of peoples’ homes and land.At that point, the insurance companies, among which was Prime, paid out millions of dollars in claims from the clients, while receiving way less in premiums. A major loss.The state, however, felt that 12 different homeowners’ insurance companies did not abide by their policies and that the companies should pay millions to the state for the cost…
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