Jim Hood quietly gives up on State Farm

Attorney General Jim Hood and State Farm have settled a lawsuit Hood’s office filed against the company.

Hood said State Farm has paid policyholder an additional $74 million for Hurricane Katrina claims, meeting requirements that company had agreed to with his office in January 2007.

As part of the settlement, State Farm has agreed to notify 148 policyholders who had only slabs or piers after the hurricane that they can have their claims re-evaluated as well.

So far, these policyholders have not participated in the re-evaluation process or filed lawsuits against the company.

Sun Herald
8/6/8