A State Farm spokesperson said today that the insurer was "disappointed" to learn that Mississippi Attorney General Jim Hood plans to sue the firm over a failed class action settlement for policyholders with Hurricane Katrina damage claims.
The firm believes it lived up to its legal requirements, said Phil Supple speaking for State Farm.
He said he understood that Mr. Hood is finalizing a draft of a breach of contract suit, "claiming that we did not adhere to the terms of the agreement."
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