In what is sounding more and more like a broken record, Mississippi Attorney General Jim Hood has filed another complaint 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.
The agreement called for State Farm to reevaluate coastal claims in exchange for a release from a civil lawsuit Hood filed shortly after Katrina. It also ended a criminal investigation of State Farm's claims-handling practices. But U.S. District Judge L.T. Senter Jr. rejected the class action settlement on grounds that it failed to protect policyholders' rights. This caused Mississippi Insurance Commissioner George Dale to establish another compromise with State Farm to re-evaluate coastal claims.
A fired-up and frustrated Hood discussed the complaint in a press conference last month. He said that his office and State Farm agreed to review thousands of homeowners' cases in January, but accused the company of not living up to its side of the agreement.
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