Insurers Say Higher Gas Prices May Not Lead to Lower Claim Costs

August 13, 2008

  • August 18, 2008 at 6:10 am
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    Sewer Rat,s State Farm Insurance is suing Mississippi’s attorney general, accusing him of violating an agreement to end a criminal investigation of the insurer’s handling of claims on the Gulf Coast after Hurricane Katrina, according to court papers unsealed Friday.

    State Farm’s lawsuit claims that the attorney general, Jim Hood, reopened a criminal investigation of the company and its employees “for the purpose of harassment” and to coerce the insurer into settling civil litigation spawned by the Aug. 29, 2005, hurricane.

    State Farm says Mr. Hood agreed in January to end his office’s criminal inquiry as part of a settlement agreement that called for the company to reopen and possibly pay thousands of policyholder claims.

    State Farm suing Mississippi for failing to honor an agreement to drop a criminal inquiry in exchange for the settlement of civil claims
    Subject Posted By Posted On
    RE: Mississippi Sewer Rat Dec 7, 2007, 5:36 pm
    SE. Lott jeff Dec 7, 2007, 1:03 pm
    Mississippi Sewer Rat Dread Dec 7, 2007, 12:28 pm
    Pieces are falling into place N. Judge Dec 7, 2007, 10:07 am
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