Katrina, Senator Lott & State Farm’s Capitulation

Katrina, Senator Lott & State Farm’s Capitulation

I reported Senator Trent Lott’s (R-Miss) declaration of war on State Farm Fire & Casualty Company when it refused to cover his house damage after Katrina. (It depends upon whose ox is being gored 12/4/06) He went from the best friend the insurance industry ever had to Attila the Hun attacking the entire insurance industry and threatening to take away their sacred cow immunity from anti trust laws. Now it looks like the insurance company decided it wasn’t in their best interest to upset this powerful senator. It agreed on Tuesday to settle all of the claims in Mississippi from Katrina damage, including, of course, the good senator’s claim. The company will pay $80 million dollars to 639 policy holders to setlle claims, but only in that state. It should be noted that all of the policy holders were represented by Richard "Dickie" Scruggs who happens to be the good senator’s brother in law. It helps to have friends in high places.

0 thoughts on “Katrina, Senator Lott & State Farm’s Capitulation

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