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Home / State Farm Perplexed by Dem AG Jim Hood’s Settlement SpinState Farm Perplexed by Dem AG Jim Hood’s Settlement Spin
Last Updated on Thursday, 7 August 2008 10:06 Written by rslcpol Thursday, 7 August 2008 08:46
It’s true, it’s really true – Jim Hood thinks if he can get one newspaper to print his version of the truth – it becomes fact. This is such an incredibly audacious move and mindset by the Democrat A.G. from Mississippi – it’s truly detached from reality. Friends, this is exactly how elected officials develop the sense that certain rules, guidelines, and laws don’t apply to them – most of the time they get caught. Those who don’t get caught need to be stopped at the ballot box – and that’s where your support for the RSLC right now makes the difference. From Legal News Line:
JACKSON, Miss. (Legal Newsline) – Mississippi Attorney General Jim Hood says his lawsuit against State Farm Insurance made the company pay $74 million it initially refused to give to policyholders affected by 2005’s Hurricane Katrina.
State Farm didn’t exactly agree Wednesday, responding to a press conference during which Hood announced he was dropping the lawsuit he filed against the company after Katrina.
Much has happened since then, including a federal judge rejecting a Jan. 2007 settlement reached by the two sides, a breach of contract suit by Hood, a major war of words between the two and State Farm establishing a claims revisiting process with the state’s Insurance Department.
“We find it perplexing Attorney General Hood is taking full credit for the resolution process he opposed and was the basis for his lawsuit against State Farm which he has now settled,” State Farm said in a statement.
“Nonetheless, we are pleased the Attorney General understands State Farm has met its obligations under the agreement made with his office in Jan. 2007. State Farm has been focused on resolving all pending matters related to Katrina and this is another step toward resolution.”