State Farm Bails on Miss. Homeowners

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State Farm announced today that it will stop writing new policies for homeowners in Mississippi. The action comes in the wake of $1.1 billion in payouts the company has made for Katrina-related lawsuits. The company’s post-Katrina claim that water damage was not covered prompted even Trent Lott, notorious critic of frivolous lawsuits, to sue.

It’s not global warming and the increasing risk of mega-hurricanes that has State Farm worried—insurance companies have been budgeting for environmental destruction for 30 years. Rather, State Farm’s Mike Fernandez told the Washington Post, it’s the “political and regulatory and legal environment” in the state. Lott always did call Mississippi “the center of jackpot justice.” Too bad the state’s residents will have to empty their wallets for pricier policies as a result of State Farm’s action.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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