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.
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.
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."
Translation: Sure we insured you, but we never thought we'd have to pay.
