Insurance Commissioners v Jim Hood Part Deux. Trumpet Sham Mediation, Forget About Woullard

My fellow slabbers we passed through the looking glass into wonderland yesterday as today’s Anita Lee report in the Sun Herald indicates.

This is manna from heaven for the slabbed as we finally have received a chance to set the record straight and to that extent we are grateful Mike Chaney is willing to insert his foot into his mouth so the story keeps churning. Our readers no doubt remember Mr Chaney’s declaration our wind insurance premiums are at nearly pre Katrina levels in the process confirming our suspicions he secretly visits the lemonade spring.

Nowdy’s excellent post yesterday gave a good account of the events surrounding the current controversy between Attorney General Hood and disgraced former insurance commissioner George Dale and his successor Mike Chaney. The short version of the story is that Dickie Scruggs and his Scruggs Katrina Group tried to work out a global settlement with State Farm for the remainder of the Katrina claims. State Farm wanted Jim Hood, whose office had open criminal and civil cases against them included so they could have a global solution to their legal problems in Mississippi. They hammered out an agreement which became known as Woullard after the case Woullard v State Farm. Jim Hood memorialized the Woullard settlement in his state court case, dropped his criminal investigation while the Farm and Dickie Scruggs presented their agreement to US District Court Judge Lt Senter for his approval. Continue reading “Insurance Commissioners v Jim Hood Part Deux. Trumpet Sham Mediation, Forget About Woullard”