Days after settling an individual lawsuit brought by Mississippi Republican Sen. Trent Lott, State Farm was "disappointed" to learn that the state's attorney general plans to sue over a failed class action settlement, a spokesperson said.

The firm believes it lived up to its legal requirements, said Phil Supple speaking for State Farm last week.

Mr. Supple said he understood that Mississippi Attorney General Jim Hood was finalizing a draft of a breach of contract suit, "claiming that we did not adhere to the terms of the agreement," referring to a proposed agreement for policyholders with Hurricane Katrina damage claims.

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