NU Online News Service
Mississippi Attorney General Jim Hood announced today he was suing State Farm Fire and Casualty Company for breach of contract and bad faith over a failed January settlement agreement concerning coastal resident's Hurricane Katrina claims.
In response, the Bloomington, Ill.-based company called Mr. Hood's action a headline-making move that would not do much for policyholders, and said a separate agreement to cover such claims that it arranged with the state insurance department is working well.
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