Amazingly, Hood claims credit for State Farm payments, announces settlement of lawsuit

Another wonderful day in Jim's neighborHood. Mississippi AG Jim Hood announced a settlement of the breach of contract lawsuit he filed in June 2007 against State Farm. Insurance Commissioner Mike Chaney took issue with Hood's chest thumping, according to this story in the Sun Herald.Insurance Commissioner Mike Chaney, who was on the Coast to speak to two different groups Wednesday, said after hearing about Hood's remarks: "I think he's crazy to call a press conference on a lawsuit claiming credit for something he didn't do." Hood claimed credit for State Farm paying an additional $74 million of Katrina settlement money. State Farm paid this money, following the collapse of a deal between State Farm and Dickie Scruggs, with Hood's approval, to certify and then sett