June 13, 2007
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Due to the Hurricane Katrina damage, Mississippi Attorney General Jim Hood is suing State Farm Fire and Casualty CO, claiming the company failed to honor an agreement for a mass settlement of claims. He had agreed in January, to drop State Farm from a lawsuit his office filed against several insurance companies for refusing to cover damage in homes from Katrina’s storm surge. He did that after State Farm settled with lawyers for homeowners on a $50 million payout to about 35,000 southern Mississippi policyholders who had not sued the company but could have their claims reopened.
Don’t be stupid and lazy like me. I went years without shopping around my insurance rates, and one day it dawned on me.. All I had to do was take 5 minutes and get some free quotes and boy, did I ever save some major $$ 