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"Mississippi’s largest homeowner insurer said Wednesday it has had enough of the “untenable’’ legal and political climate and is suspending writing new homeowners and commercial policies in a state still struggling to recover from Hurricane Katrina.
A spokesman for State Farm Insurance Cos. said the decision was due in part to the wave of litigation the company has encountered since the Aug. 29, 2005, storm. Mississippi is the latest state along the hurricane-vulnerable Gulf Coast to at least temporarily lose an insurer.
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