Trent Lott’s Porch…Day 494

494 days ago or One Year, 4 months and 7 days…Bush shared the Good News

The good news is — and it’s hard for some to see it now — that out of this chaos is going to come a fantastic Gulf Coast, like it was before. Out of the rubbles of Trent Lott’s house — he’s lost his entire house — there’s going to be a fantastic house. And I’m looking forward to sitting on the porch. (Laughter.)

Today’s Good News is that Bush, through no effort of his own, is possibly one step closer to meeting his goal of sipping virgin(?) Mint Julips on Trent’s porch…

Bloomington, Illinois-based State Farm agreed “in principle” to pay an undisclosed amount of money to more than 600 policyholders, including Republican Sen. Trent Lott, who sued State Farm after the storm, according to these people. All are represented by a legal team led by high-profile attorney Richard “Dickie” Scruggs.

SNIP

Lott, whose home in Pascagoula was destroyed by Katrina, is Scruggs’ brother-in-law and one of his clients.He was an outspoken champion of setting limits on lawsuits before Katrina. But he sued State Farm after the company denied his claim. (emphasis mine)

Seriously though, the proposed deal would benefit about 35,000 MS residents as there is a class action resolution component by which State Farm must review their claims and “would be required to make new offers and any disputes would be heard by an arbitrator whose decision would be binding.” The company would have to pay out a minimum of $50 million to those policyholders “but the company could end up paying hundreds of millions of dollars more than that because there would not be a cap on the amount, the people with knowledge of the talks said.”

Before you get all warm and tingly for State Farm keep this in mind from the NYT

To close the deal, State Farm wants the approval of Mississippi’s attorney general, Jim Hood, and the state’s insurance regulator, George Dale, lawyers close to the talks said.As a condition of the deal, these lawyers said, Mr. Hood would be required to drop a criminal investigation into State Farm’s handling of claims as well as a civil lawsuit against State Farm and other insurers. (emphasis mine)

The Bad News

The talks do not apply to homeowners in New Orleans and the rest of Louisiana.

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3 thoughts on “Trent Lott’s Porch…Day 494

  1. The American Way: It’s only a crime if they finish the investigation and indict someone.

  2. I don’t see how you do it Scout – following all of these stories so very closely. Just reading this post makes me want to scream. “OK…we’ll do what we are supposed to do all along— only if you don’t investigate the fact that we didn’t do it before.”

  3. I work for an elementary school district in a large latino neighborhood, specifically in the child nutrition department, you know, where the disadvantaged get funded for meals for their kids, as well as child nutrition stuff. Well, the other day this van pulls up with all these bumper stickers on it, “Tancredo for President” was the biggest one, “I’m not closed minded, liberals are just wrong” was another, something about annoying liberals was still another one, then there were some love it or leave it types, support the troops, and best of all, right on the bumper itself, the question is asked, “Taxed enough?”
    You can imagine my confusion. What is this person doing in this government run, taxpayer funded office? Surely they couldn’t be there to use the services could they? Perhaps they were there to watchdog the operations, or file a complaint, or to just make sure that everybody using the services were legal citizens, because that was another bumper sticker issue, protecting the borders and those making sure those immigrants were kept on their side of the border.
    As I opened the office door, the irony was thick, the dissonance palpable as a ripe French cheese in a small room. Sacre bleu cheese, there she was, unable to figure out the form that allows her to partake of the services provided by the taxpayers of her town, nay, she was using the government she seemed so dismissive of, based on the sentiments expressed on her van, to help herself since she couldn’t, well, help herself.
    It’s always heart warming when a hypocrite breaks down and wallows down in the muck with the unworthy little people, isn’t it?
    “I was against lawsuits before I was for them” indeed.

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