Settlement of claims for lost or damaged freight shall be within reasonable time.

Miss. Code Ann. § 77-9-37
in effect
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Railroads, corporations and individuals engaged as common carriers in this state are required to settle all claims for lost or damaged freight which has been lost or damaged between two (2) given points on the same line or system, within sixty (60) days from the filing of written notice of the loss or damage with the agent at the point of destination. Where freight is handled by two (2) or more roads or systems of roads, and is lost or damaged, claims therefor shall be settled within ninety (90) days from the filing of written notice thereof with the agent by consignee at the point of destination. A common carrier failing to settle such claims as herein required shall be liable to the consignee for twenty-five dollars ($25.00) damages in each case, in addition to actual damages, all of which may be recovered in the same suit. This section shall only apply when the amount claimed is two hundred dollars ($200.00) or less.

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