Believe it – the “F word” goes under the tree!

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Never would have thought about giving my kids the “F word” for Christmas – but Dave Barry’s annual gift guide includes free FEMA disaster preparedness activity books!

The holiday season is all about fun for kids, and if there’s anything that will put a twinkle in a youngster’s eye, it’s a disaster-preparedness activity book from the American Red Cross and the Federal Emergency Management Agency (FEMA). There are several titles available, including Ready . . . Set . . . Prepare!

Granted, this is kind of like saying ”Ready . . . Set . . . Get Ready!” But that is not the point. The point is that Continue reading “Believe it – the “F word” goes under the tree!”

Meet the “law” man Cori and Kerri Rigsby had to use to blow the whistle on State Farm

This piece in Raw Story pretty much sums it up. Throw in a few known circles of association and the truth, whatever that is, rapidly becomes stranger than fiction.

Back in those days Ollie Diaz was the¬†favorite whipping boy of the political right. Considered a modern day equivalent of Benedict Arnold by the Mississippi GOP he found out leaving “the family” can be¬†a tad difficult.

Them tax laws are widely disregarded IMHO but they have a nasty bite for those who run afoul of them.  A CPA would know better, one would expect a USA would too.

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The Scheme: them thats got and them thats not – the monopoly game (Chapter 6 Qui Tam)

Money, youve got lots of friends
Crowding round the door

Strategically, it was a brilliant move. Hidden in the last place anyone would think to look for evidence of fraud Рthe scheme is in the technology the insurance industry uses to identify fraudulent claims.  The best place to hide a needle is in a haystack of needles.

Them thats got shall get
Them thats not shall lose

350px-gem_monopoly_boxLike Monopoly the game, the monopoly game played in the scheme, takes its name from the economic concept:

domination of a market by a single entity.

Players compete to acquire wealth through stylized economic activity…buying…and trading…using…paper money. The supply of money is theoretically unlimited; if the bank runs out of money the players must make do with other markers…

The term “Monopoly money” has been used to refer to currencies which cannot be used to purchase goods and services on the free market.

Technology dominated the market for handling claims of property damage following Hurricane Katrina with an on-going off-board version of the monopoly game – played with the insurance industry’s usual three-pronged response when a significant liability risk begins to emerge:

monopoly-money-five-hundred-dollar-sm4…limit its financial exposure under policies it has already sold by mounting an aggressive litigation campaign against coverage;

monopoly-money-five-hundred-dollar-sm5…influence public policy and legislation in a manner that limits its potential financial and legal exposure to such claims; and

monopoly-money-five-hundred-dollar-sm6…begin developing new insurance products to maximize profit opportunities from the emerging risk.

Mere mention of the word fraud has a Viagra-like effect on the brain of the male WASP. If the thought stays up more than 36 hours, policyholders will get screwed – concurrently – by court order, regulatory change and legislation.

Boardwalk, Park Place and a surge of litigation

Continue reading “The Scheme: them thats got and them thats not – the monopoly game (Chapter 6 Qui Tam)”