We all knew that it was just a matter of time before this would occur in Venezuela under Hugo Chavez’s dubious economic leadership.
But, as Ted Frank explains, how were we to know that Mississippi AG Jim Hood, plaintiff’s lawyer Dickie Scruggs and Senator Trent Lott would accomplish much the same thing in regard to insurance for the citizens of Mississippi? Or that AG Hood would take the preposterous position that the state can force State Farm Insurance Co. to continue to underwrite policies in the state (Larry Ribstein has more)?
Maybe Hood could persuade Chavez to underwrite some cheap insurance for Mississippi consumers?