The "good hands people" like your premium payments, but they apparently don't care so much for your claims...
Mississippi, like most states "promulgates" the rates for property insurance and the policy forms. Which means that the state writes the policy. Not the insurer.
Except for rare exceptions ALL flood insurance is underwritten and the risk taken by FEMA/NFIP. Why? it's a suckers bet. By the way, just last week Congress on a voice vote allowed FEMA/NFIP to obtain BILLIONS from the US Treasury to pay flood insurance claims because the NO flood far exceeds any "reserves" for claims they have.
So, some Eskimo in Alaska will be paying for flood insurance claims in New Orleans. And, of course, this means that the premiums paid for flood insurance in New Orleans have always been subsidized by the US taxpayer and they always will be. FEMA actually has flood maps that show that parts of New Orleans will only flood once every 500 years! LOL! The whole federal flood insurance program for New Orleans is bogus. Without the feds writing flood insurance there nobody would loan money for mortgages.
Allstate does not have any Katrina flood claims because they never collected premiums for flood exposures nor had anything in the insurance policy that covered flood. A policy, again, that the state wrote and approved.
This is just politics. Moronic politics at that. The Mississippi attorney general ,ight as well argue that health insurance is included, dental, etc, etc. It makes about as much sense.