Slabbed Daily June 1, 2009: Hurricane Season / Toxic Paper Edition

Save your life and evacuate. Or stay to make certain your wind insurance pays. Decisions decisions…. Its that time of the year – the beginning of another Hurricane season complete with advance news stories why our insurance rates need to rise yet again. Some evac stories always make it to the mix and it is … Continue reading “Slabbed Daily June 1, 2009: Hurricane Season / Toxic Paper Edition”

Edrust has left the building! State Farm dumps its BP stock.

Nowdy reported the cratered investment back in June. The following is from the Naz. Gotta give Ed’s boys in finance and investing some credit. They stayed away from subprime and other forms of toxic paper except to the extent they pushed it out into retail channels via their Bermudan special purpose entity Merna RE. No … Continue reading “Edrust has left the building! State Farm dumps its BP stock.”

Slabbed finds former hedge fund manager Andrew Lahde at a “420 celebration”.

October 17, 2008 Today I write not to gloat. Given the pain that nearly everyone is experiencing, that would be entirely inappropriate. Nor am I writing to make further predictions, as most of my forecasts in previous letters have unfolded or are in the process of unfolding. Instead, I am writing to say good-bye. So wrote … Continue reading “Slabbed finds former hedge fund manager Andrew Lahde at a “420 celebration”.”

Wall Street paternalism and disconnect at it’s finest and on display. A Skadden partner writes about shareholder ignorance and displays plenty in the process.

I’ve written a series of posts on the disconnect from reality between the Wall Street fantasy land and Main Street, which has made modern day Wall Street possible. The problem is systemic in my opinion, from trade publications like the National Underwriter whose editor in chief believes spending yet more money on public relations is the … Continue reading “Wall Street paternalism and disconnect at it’s finest and on display. A Skadden partner writes about shareholder ignorance and displays plenty in the process.”

Slabbed Daily July 22-24. Lets tie a few things together

There have been a good number of news tidbits that do not necessarily constitute a post here on Slabbed on their own but when taken together tie up several loose ends and lend context to a story that does merit it’s own post in Mike Chaney’s recent insurance forum held last Thursday and Friday here on the coast.  So let’s … Continue reading “Slabbed Daily July 22-24. Lets tie a few things together”

Keeping Score #5 – Who is telling the story?

We’ve don’t engage much in self puffery here at Slabbed, Nowdy and I always figured the cream would rise to the top on its own when it came to our core topics of insurance in general and the insurance litigation in particular. And while those with responsibility and culpability would love to be able to dismiss … Continue reading “Keeping Score #5 – Who is telling the story?”

Additional evidence the insurance crowd in New York marches to the beat of a different drummer

You’d think after the first time AIG paid fat executive bonuses while borrowing billions from the Treasury because of their habit of “tatooing” toxic paper they would have learned. Nope, seems the gang thinks they deserve extra for their fine work cratering the financial system in 2008. So while the nations unemployment rate skyrockets to 10% thanks … Continue reading “Additional evidence the insurance crowd in New York marches to the beat of a different drummer”

The Commish sets up a “Stakeholder” Meeting. If he’d only invited all the stakeholders…..

I’ve been hanging onto Anita Lee’s story from June 27th (H/t Editilla for the ease in finding the link) on Insurance Commish Mike Chaney’s upcoming insurance forum for almost 2 weeks now trying to figure out how to make all the puzzle pieces fit. Puzzle pieces? Now our readers are confused too but perhaps not as … Continue reading “The Commish sets up a “Stakeholder” Meeting. If he’d only invited all the stakeholders…..”

Slabbed Daily Weekend Edition: June 6/7. Catching up on insurance news.

I finished my first radio appearance a few minutes ago and thought the show went very well. Kevin Buckel was kind enough to call in explaining his public records lawsuit against the Commish as we covered a variety of insurance related topics from appraisal to the actual cost to insure a home here in the GO … Continue reading “Slabbed Daily Weekend Edition: June 6/7. Catching up on insurance news.”

Breaking: SEC Charges Subprime King Angelo Mozilo with Civil Fraud

This post is a personal indulgence. Though the Yahoo board is long gone and $30 puts a distant memory I’ll never forget “Quislingman”, Pete Frampton Live, Subprime Usury Scam, and the rest of the gang. I sometimes wonder what ever happened to the bean counter from Jersey who was recommending CFC to his brokerage clients. The … Continue reading “Breaking: SEC Charges Subprime King Angelo Mozilo with Civil Fraud”