Foundation for Economic Education
http://www.fee.org
Mississippi Attorney General Wants to Compel Insurer to Stay in State
Posted By admin
Mississippi Attorney General Jim Hood said Friday he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowners and commercial policies in the hurricane-battered state. State Farm, Mississippilsquo;s largest homeowner insurer, said Wednesday it has had enough of the 'untenable' legal and political climate in the state and is suspending writing new homeowners and commercial policies. The company said the suspension would begin Friday and continue until the business climate in the state is more palatable. (Sky Valley Journal [1], Sunday)
The heavy hand of state coercion.
FEE Timely Classic
Regulatory Extortion [2] by Thomas J. DiLorenzo
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/mississippi-attorney-general-wants-to-compel-insurer-to-stay-in-state/
URLs in this post:
[1] Sky Valley Journal: http://www.localnewswatch.com/skyvalley/stories/index.php?action=fullnewsamp;id=65166
[2] Regulatory Extortion: http://www.fee.org/publications/the-freeman/article.asp?aid=1737
Click here to print.
Copyright © 2008 Foundation for Economic Education. All rights reserved.