Wow, is that because State Farm doesn't like black people, or southern people? A rather heavy-handed response, and one that's inviting immediate federal intervention.
From AP:
State Farm Insurance Cos. is suspending sales of any new commercial or homeowner policies in Mississippi starting Friday, citing in part a wave of litigation it has faced after Hurricane Katrina, a company official said Wednesday.Translation: Sure we insured you, but we never thought we'd have to pay.
Mike Fernandez, vice president of public affairs for State Farm, said Mississippi's "current legal and political environment is simply untenable. We're just not in a position to accept any additional risk in this homeowners' market."
