SLABBED Daily – April 13

A happy -but belated – 50th birthday to Chip Merlin. If you’ve ever wondered what to give a man who has everything, you’ll be interested in knowing his “family gift” was a two-week holiday in Italy; his staff gave him two-weeks of great blog posts, and, I tore a page describing windstorm damage in Galveston from a magazine.

Merlin bookended his trip to Italy with some great posts on wind damage following Ike and the not-so-great response from the Texas Windstorm Insurance Association. It appears TWIA has been blowing off wind damage for some time, as far back as Hurricane Rita!

Allstate/Pilot Claim Servise (and State Farm) have successfully and invisibly shifted their liability for paying for the repair or replacement of Hurricane Rita damaged roofs, back onto their trusting clients shoulders, and the general insured publics shoulders via the TWIA premium pool, and the Texas General Fund tax payer shoulders.

I wouldn’t have written a word about this if the Editilla K-Ninaaa hadn’t corrected the spelling to Beaux!

The First Puppy Makes a Big Splash The little guy is a 6-month-old Portuguese water dog given to the Obama girls as a gift by that Portuguese water dog-lovin’ senator himself, Edward M. Kennedy of Massachusetts. The girls named it Bo.

It appears it’s going to be a long (and lonely) hot summer for the Wall Street crowd.

Crisis Altering Wall St. As Stars Begin to Scatter

Over all, head counts at the 12 biggest global investment banks were cut, on average, by about a fifth in 2008, according to data compiled by Oliver Wyman, a consultancy.

Hamptons, N.Y. Home Sales Plunge Home sales in the Hamptons, the New York oceanside communities favored by financiers and celebrities, plunged 67 percent in the first quarter from a year earlier as Wall Street job cuts and investment losses stifled demand for second homes.

Thanks all for now.

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