Mississippi Attorney General Jim Hood filed a complaint today in the Mississippi Circuit Court of Hinds County against State Farm Fire and Casualty Company, accusing the company of bad faith and breach of contract related to the settlement the two parties agreed to earlier this year.
A fired-up and frustrated Hood discussed the complaint in a press conference held today. He said that his office and State Farm agreed to review more than 30,000 homeowners' cases in January, but accused the company of not living up to its side of the agreement.
"We filed this lawsuit in an effort to help the more than 30,000 Gulf Coast policyholders who have suffered for nearly two years because of State Farm's inaction," said Attorney General Jim Hood. "The State Farm re-evaluation procedure through the [Mississippi] Department of Insurance has only resulted in a little more than 300 new offers. That does not comply with the terms we have with them in black and white."
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