January 26, 2006
"The State's Settlement Agreement in the Chancery Court of Hinds County required State Farm to provide full disclosure, to reevaluate claims, to make new offers, pay at least 50% of the structural policy limits on slabs, and to establish an adminstrative process through which these requirements will be carried out. It is State Farm's duty to establish such an administrative process. Although it was contemplated that the federal court was better prepared to handle this type of process, our office did not negotiate the terms of the proposed federal court class action. In fact, our office had reservations about some of the terms of the class agreed to by the plaintiffs and State Farm. Nevertheless, I knew that Judge Senter would make sure that the class was a fair procedure for all. I am confident that Judge Senter will make the plaintiffs and State Farm fix the problems he has raised in his order."
Attorney General Jim Hood
State of Mississippi
Hurricane Katrina had a devastating effect on the lives of Mississippians. Attorney General Jim Hood has fought to protect the interests of those effected by Katrina. Download Attorney General's Congressional Report on State Farm or download the Attorney General Jim Hood proposed legislation to require State Farm to continue writing new homeowners and commercial property policies in Mississippi.