
Contact:
601/359.2002
FOR IMMEDIATE RELEASE
Attorney General Jim Hood is set to testify before the Subcommittee on Oversight and Investigations in Washington, D.C. today. 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 administrative 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 State Farm Press Conference - February 16, 2007: Attorney General Jim Hood’s Press Conference on Temporarily Requiring Insurance Companies to Write Homeowners Insurance Press Release State Farm Press Conference - February 14, 2007: Attorney General Jim Hood’s Press Conference on State Farm’s Decision to Suspend Sale of Certain Policies in MS. State Farm Press Conference - January 23, 2007: Attorney General Jim Hood’s Press Conference on State Farm Settlement Settlement Documents: Press Release Final Order of Dismissal Settlement Agreement Stipulation of Dismissal Attorney General Jim Hood calls on other Insurance Companies to participate in Class Settlement Documents.