Check Under The Hood
Jim Hood is anything but a subtle person, as insurers learned to their chagrin this month when the Mississippi attorney general tried to strong-arm them into paying flood-related losses not covered under standard homeowner policies.
Speaking at a conference set up by a top-notch plaintiff agitator–the law firm of Anderson Kill & Olick–Mr. Hood tried a carrot-and-stick approach. The stick was Mr. Hood's warning that if carriers refused to settle his lawsuit over flood claims, regardless of any policy restrictions, they would be inundated with policyholder suits and left to the mercy of insurer-hating juries.
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