Possible State Farm, Hood Settlement Reported

Negotiations following the first day of testimony in the State Farm v. Hood hearing before US District Judge David Bramlette in Natchez may have resulted in a settlement. AP and the Sun Herald report Mississippi AG Jim Hood as saying the dispute has been settled and a resolution will be announced Thursday when the parties return to court. State Farm spokesman called Hood’s announcement premature. An earlier Forbes/AFX News story here described Wednesday’s proceedings.

Stay tuned.

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