Experts See Far-Ranging Effects From Settlement

Summary


BLOOMINGTON - State Farm Insurance Cos. "minimized the damage" by settling a class-action lawsuit Tuesday with Mississippi Attorney General Jim Hood, an industry analyst said.

The Associated Press reported that State Farm agreed Tuesday to pay about $80 million to 639 policyholders involved in a class- action lawsuit filed by Mississippi Attorney General Jim Hood.

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Experts See Far-Ranging Effects From Settlement

In turn, Hood dropped his criminal investigation of State Farms claims handling in Mississippi following Hurricane Katrina.

The Bloomington-bas...

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