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State Farm Suspends Miss. Policies; Provokes Hood Reaction

Citing uncertainty in Mississippi's legal and business environments, State Farm announced last week that it would halt writing new homeowners' and commercial property insurance in the state of

By Eric Gilkey | Updated on February 16, 2007

Citing uncertainty in Mississippi’s legal and business environments, State Farm announced last week that it would halt writing new homeowners’ and commercial property insurance in the state of Mississippi.

“We came to this decision reluctantly,” said Bob Trippel, senior vice president for State Farm, in a letter sent to Mississippi’s Commissioner of Insurance George Dale. “But it is no longer prudent for us to take on additional risk in a legal and business environment that is becoming more unpredictable. When there’s more certainty, we will reassess the situation.”

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